Guideline Value for UZHAIPPALAR NAGAR 3RD STREET

Uzhaippalar Nagar 3rd Street guideline value

The current guideline value for Uzhaippalar Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, and it is classified as Residential Special Type - III.

How the guideline value of Uzhaippalar Nagar 3rd Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 saw the guideline value rise again to Rs 1,300 per sq.ft, an increase of 8% from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thandurai

In Thandurai, 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 3rd Street's 2024 figure above that median.

• Uzhaippalar Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Uzhaippalar Nagar 1st 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 3rd 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, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Uzhaippalar Nagar 3rd Street?

The Uzhaippalar Nagar 3rd Street falls under the jurisdiction of the Avadi Sub Registrar Office. The address is 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 a critical factor in property transactions in Thandurai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value serves as a benchmark for both buyers and sellers during the registration process.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate transactions. It is important for buyers to be aware of the guideline value to understand the financial implications of their property purchase.

Frequently asked questions

What is the current guideline value of Uzhaippalar Nagar 3rd Street?

The current guideline value of Uzhaippalar Nagar 3rd 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 increased 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 3rd Street?

Uzhaippalar Nagar 3rd Street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Uzhaippalar Nagar 3rd 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 stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The rates are typically 7% for stamp duty and 2% for the registration fee.