Guideline Value for UMAIDURAI 2ND CROSS STREET

Umaidurai 2nd Cross Street guideline value

The current guideline value of Umaidurai 2nd 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. The land classification for this area is Residential Class II Type - II.

How the guideline value of Umaidurai 2nd Cross Street has changed

The guideline value for Umaidurai 2nd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This value increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was notable at 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 450%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Umaidurai 2nd Cross Street.

• Umaidurai 1st 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 2nd 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 fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Umaidurai 2nd Cross Street?

The Umaidurai 2nd Cross Street falls under 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 further assistance.

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

The guideline value is a crucial factor during property transactions in Perungudi, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the official value established by the registration department.

Frequently asked questions

What is the current guideline value of Umaidurai 2nd Cross Street?

The current guideline value of Umaidurai 2nd 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% over the years.

What is the land classification for Umaidurai 2nd Cross Street?

The land classification for Umaidurai 2nd Cross Street is Residential Class II Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is 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 Umaidurai 2nd Cross Street?

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