Guideline Value for UDAY NAGAR PART I

Uday Nagar Part I guideline value

The current guideline value of Uday Nagar Part I is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Uday Nagar Part I has changed

The guideline value for Uday Nagar Part I has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in 2023, and the latest revision in 2024 raised it to Rs 990 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median value among these streets is Rs 1,350 per sq.ft, indicating that Uday Nagar Part I's guideline value is below this median.

• Thirupathi Nagar: Rs 1,350 per sq.ft (2024)
• Thirumal / Thirumalai Nagar: Rs 1,210 per sq.ft (2024)
• Vlc Kamarajar Nagar: Rs 3,290 per sq.ft (2024)
• Suseelambal Nagar: Rs 1,210 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Thirupathi Nagar Phase II & III: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Uday Nagar Part I

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Uday Nagar Part I?

The Sub Registrar Office covering Uday Nagar Part I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kolumanivakkam

The guideline value is a crucial factor during the registration of property transactions in Kolumanivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their real estate dealings.

Frequently asked questions

What is the current guideline value of Uday Nagar Part I?

The current guideline value of Uday Nagar Part I is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the median guideline value in Kolumanivakkam?

The median guideline value in Kolumanivakkam is Rs 1,350 per sq.ft, while Uday Nagar Part I's current guideline value is below this median.

What are the stamp duty and registration fees for Uday Nagar Part I?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,90,000, resulting in a stamp duty of Rs 69,300 and a registration fee of Rs 19,800, totaling Rs 89,100.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.