Guideline Value for UZHAIPPALAR NAGAR 1ST STREET

Uzhaippalar Nagar 1st Street guideline value

The current guideline value of Uzhaippalar Nagar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.

How the guideline value of Uzhaippalar Nagar 1st Street has changed

Over the years, the guideline value for Uzhaippalar Nagar 1st Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 has further raised the guideline value to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, placing Uzhaippalar Nagar 1st Street's 2024 figure above this median.

• Uzhaippalar Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Uzhaippalar Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 4th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Uzhaippalar Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is essential to note that 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 on calculating these fees.

Which Sub Registrar Office covers Uzhaippalar Nagar 1st Street?

The Uzhaippalar Nagar 1st Street falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that both parties are fairly represented in the transaction.

Frequently asked questions

What is the current guideline value of Uzhaippalar Nagar 1st Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Uzhaippalar Nagar 1st Street?

The land classification for Uzhaippalar Nagar 1st Street is Residential Special Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers this street?

The Avadi Sub Registrar Office covers Uzhaippalar Nagar 1st Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.