Guideline Value for UDAYA DEEPAM NAGAR

Udaya Deepam Nagar guideline value

The current guideline value of Udaya Deepam Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Venmanamputhur village, under the Tiruvallur Joint 1 SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Udaya Deepam Nagar has changed

Looking at the revisions, the guideline value for Udaya Deepam Nagar has seen several changes over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft, which has remained consistent through the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, maintaining at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. Udaya Deepam Nagar's 2024 figure matches this median value.

• Udayam Nagar: Rs 200 per sq.ft (2024)
• T.N.E.B. Nagar: Rs 250 per sq.ft (2024)
• Vasistar Nagar / Annex: Rs 250 per sq.ft (2024)
• Vedanta Nagar: Rs 300 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 200 per sq.ft (2024)
• Thirumurugan Nagar/ Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Udaya Deepam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udaya Deepam Nagar?

The Udaya Deepam Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which property can be registered. When buying or selling property in Venmanamputhur, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Buyers and sellers should be aware that the guideline value may not always reflect the actual market price of a property. However, it serves as a benchmark for the registration process, ensuring that all transactions are recorded at a standard value.

Frequently asked questions

What is the current guideline value of Udaya Deepam Nagar?

The current guideline value of Udaya Deepam Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a drop to Rs 134 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What are the other streets in Venmanamputhur and their guideline values?

Other streets in Venmanamputhur include Udayam Nagar, T.N.E.B. Nagar, Vasistar Nagar / Annex, Vedanta Nagar, Thiruvalluvar Nagar, and Thirumurugan Nagar/Avenue, with values ranging from Rs 200 to Rs 300 per sq.ft in 2024.

How is stamp duty calculated in Udaya Deepam Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 200 per sq.ft, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for Udaya Deepam Nagar?

The Sub Registrar Office for Udaya Deepam Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.