Guideline Value for UZHAIPPALAR NAGAR 2ND STREET

Uzhaippalar Nagar 2nd Street guideline value

The current guideline value of Uzhaippalar Nagar 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Uzhaippalar Nagar 2nd Street has changed

The guideline value for Uzhaippalar Nagar 2nd Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose to the current rate of Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the value has increased by 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are a total of 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 2nd Street above this median with its current value of Rs 1,300 per sq.ft.

• Uzhaippalar Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. 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 Uzhaippalar Nagar 2nd Street?

The Sub Registrar Office that covers Uzhaippalar Nagar 2nd Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Thandurai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs in the registration process. Buyers and sellers must be aware of the current guideline value to accurately calculate these fees.

At the time of registration, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Uzhaippalar Nagar 2nd Street?

The current guideline value of Uzhaippalar Nagar 2nd 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 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 2nd Street?

Uzhaippalar Nagar 2nd Street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Uzhaippalar Nagar 2nd Street?

The Sub Registrar Office for Uzhaippalar Nagar 2nd Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

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 13,00,000, the stamp duty would be calculated at 7% of this amount.