Guideline Value for UMAIDURAI 1ST CROSS STREET

Umaidurai 1st Cross Street guideline value

The current guideline value of Umaidurai 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Umaidurai 1st Cross Street has changed

The guideline value for Umaidurai 1st Cross Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023, and most recently, it has been revised to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with the median value being Rs 3,300 per sq.ft. The guideline value for Umaidurai 1st Cross Street aligns with this median.

• Umaidurai 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Umaidurai Street: Rs 3,300 per sq.ft (2024)
• Varghees Plots Street: Rs 2,800 per sq.ft (2024)
• Thiruvenkadam Nagar Ist Street: Rs 4,400 per sq.ft (2024)
• Thiruvenkadam Nagar Ist Main Road: Rs 4,400 per sq.ft (2024)
• Thiruvenkadam Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Umaidurai 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Umaidurai 1st Cross Street?

The Sub Registrar Office covering Umaidurai 1st Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Umaidurai 1st Cross Street?

The current guideline value of Umaidurai 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% during this period.

What is the registration office for Umaidurai 1st Cross Street?

The Neelankarai Sub Registrar Office covers Umaidurai 1st Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.

What other streets have similar guideline values in Perungudi?

Other streets in Perungudi, such as Umaidurai 2nd Cross Street and Umaidurai Street, also have a guideline value of Rs 3,300 per sq.ft in 2024, aligning with the median value for the area.