Guideline Value for UDAYAM NAGAR

Udayam Nagar guideline value

The current guideline value of Udayam Nagar, located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Udayam Nagar has changed

Over the years, the guideline value of Udayam Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% rise from the previous figure. Notably, the register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft. The latest revision in 2024 shows no change from the previous year's value, maintaining the guideline value 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. The median value is Rs 200 per sq.ft, placing Udayam Nagar's 2024 figure at the median level.

• Udaya Deepam 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 Udayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, leading to a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udayam Nagar?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Venmanamputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the duties based on the higher value between the guideline and the sale price. This ensures that the appropriate fees are collected for the transaction, maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Udayam Nagar?

The current guideline value of Udayam 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 notable increase from Rs 134 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Udayam Nagar?

The land classification for Udayam Nagar is Residential Class II Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Udayam Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Udayam Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Udayam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total stamp duty of Rs 14,000, along with a registration fee of Rs 4,000.