Guideline Value for Udaiyarpalaiam

Udaiyarpalaiam guideline value

The current guideline value of Udaiyarpalaiam is Rs 2,200 per sq.ft, effective from 1 July 2024. This value is set under the Konnur Sub Registrar Office (SRO) in Chennai, Tamil Nadu, and falls under the Residential Class I Type - II land classification.

How the guideline value of Udaiyarpalaiam has changed

Between the revisions, the guideline value for Udaiyarpalaiam has seen significant changes. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023. The current value of Rs 2,200 per sq.ft marks a 10% increase from the 2023 revision. Notably, the overall increase from the 2017 revision to the 2024 revision is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2024 revision reflects a 49% increase from the 2017 figure, showcasing the changes over the years.

Guideline values in 5. Athipattu

In 5. Athipattu, the guideline values range from Rs 1,100 to Rs 7,650 per sq.ft, with the median value being Rs 2,200 per sq.ft. The guideline value for Udaiyarpalaiam is equal to this median.

• Ulaippalar Kalyanasundaram Street: Rs 2,200 per sq.ft (2024)
• T.T. Mathew Street: Rs 3,600 per sq.ft (2024)
• T.T. Mathew Avenue: Rs 3,601 per sq.ft (2024)
• T.T. Mathew 1st Cross Street: Rs 3,600 per sq.ft (2024)
• Vaigai Street(ICF): Rs 2,400 per sq.ft (2024)
• Thulugathamman Kovil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Udaiyarpalaiam

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Udaiyarpalaiam?

Udaiyarpalaiam falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that transactions are documented at a recognized value.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Udaiyarpalaiam?

The current guideline value of Udaiyarpalaiam is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value has increased by 64% from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024.

What is the role of the Konnur SRO?

The Konnur Sub Registrar Office is responsible for maintaining the guideline value register and facilitating the registration of property transactions in the area, including Udaiyarpalaiam.

What are the stamp duty rates for properties in Udaiyarpalaiam?

The stamp duty rate for properties in Udaiyarpalaiam is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a recognized value, which is essential for legal and financial purposes.