Guideline Value for Udaiyar Avenue

Udaiyar Avenue guideline value

The current guideline value of Udaiyar Avenue in Padichery village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Udaiyar Avenue has changed

Looking at the revisions, the guideline value for Udaiyar Avenue was Rs 250 per sq.ft in both the 2023 and 2024 revisions. There was no change in this value from 2023 to 2024, indicating stability in the guideline value during this period. In the previous revision from 2017, the value was Rs 167 per sq.ft, marking a significant increase of 50% to reach the 2023 value of Rs 250 per sq.ft.

Prior to that, in the 2012 revision, the guideline value was also Rs 250 per sq.ft. This indicates a decrease of 33% from the 2012 level to the 2017 level. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padichery

In Padichery village, there are eight streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,350 per sq.ft. The median value among these streets is Rs 191 per sq.ft, positioning Udaiyar Avenue's 2024 figure above this median.

• Please Plantations and Hills Resorts: Rs 181 per sq.ft (2024)
• Periyar Street: Rs 181 per sq.ft (2024)
• K.S.K Nagar: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 181 per sq.ft (2024)
• Jeevan sakthi Teak Farms: Rs 181 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Udaiyar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees together Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udaiyar Avenue?

The Sub Registrar Office that covers Udaiyar Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Padichery. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value as determined by the state. This process is essential for maintaining transparency and consistency in real estate transactions.

Frequently asked questions

What is the current guideline value of Udaiyar Avenue?

The current guideline value of Udaiyar Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a significant increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the other streets in Padichery with their guideline values?

Other streets in Padichery include Please Plantations and Hills Resorts, Periyar Street, K.S.K Nagar, Kamarajar Street, Jeevan sakthi Teak Farms, and Anna Street, with values ranging from Rs 181 to Rs 200 per sq.ft in 2024.

What are the fees associated with buying property in Udaiyar Avenue?

The fees for buying property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Udaiyar Avenue?

The Sub Registrar Office for Udaiyar Avenue is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.