Guideline Value for Udaiyar Street

Udaiyar Street guideline value

The current guideline value of Udaiyar Street in Maakaanyam village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Udaiyar Street has changed

Over the years, the guideline value for Udaiyar Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. In the 2017 revision, the value was Rs 100 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2024 revision again set the value at Rs 150 per sq.ft, showing no change from the 2023 revision and an overall increase of 0% from the 2012 revision.

The guideline value register has no figures for the years 2002, 2003, and 2007 for Udaiyar Street. Therefore, the most recent revisions are from 2012, 2017, 2023, and 2024, with the current value being consistent with the 2023 figure.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value in this village is Rs 250 per sq.ft, placing Udaiyar Street's 2024 figure below that median.

• Thirupathi Nagar: Rs 500 per sq.ft (2024)
• Vasanthpuram: Rs 250 per sq.ft (2024)
• Vinayagar Koil Street: Rs 150 per sq.ft (2024)
• VN Nagar: Rs 200 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 300 per sq.ft (2024)
• Sri Premkavaradhan Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Udaiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Udaiyar Street?

The Sriperumpudur Sub Registrar Office covers Udaiyar Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Maakaanyam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Udaiyar Street?

The current guideline value of Udaiyar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft for the revisions in 2012, 2023, and 2024. The 2017 revision saw a decrease to Rs 100 per sq.ft, which was a 33% drop from the 2012 figure.

What is the median guideline value in Maakaanyam?

The median guideline value in Maakaanyam is Rs 250 per sq.ft. Udaiyar Street's current value of Rs 150 per sq.ft is below this median.

What are the stamp duty rates for property in Udaiyar Street?

The stamp duty for property transactions in Udaiyar Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 1,50,000, the stamp duty would amount to Rs 10,500.

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

The Sub Registrar Office covering Udaiyar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant link.