Guideline Value for Udaya Nagar Extension

Udaya Nagar Extension guideline value

The current guideline value of Udaya Nagar Extension is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Udaya Nagar Extension has changed

The guideline value for Udaya Nagar Extension has seen several revisions over the years. The earliest recorded value is from 2007, when it was Rs 1,250 per sq.ft. This increased to Rs 3,200 per sq.ft in 2012, marking a significant rise of 156%. However, the value then decreased to Rs 2,144 per sq.ft in 2017, a drop of 33%. Following this, the value rose sharply to Rs 3,200 per sq.ft in 2023, and then further increased to Rs 3,520 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 182%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Udaya Nagar Extension's 2024 figure below the median.

• Udaya Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Udaya Nagar: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar 1st Lane: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar 2nd Lane: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar 3rd Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Udaya Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value is Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udaya Nagar Extension?

The Udaya Nagar Extension falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of properties in Porur. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented according to the prevailing rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Udaya Nagar Extension?

The current guideline value of Udaya Nagar Extension is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 182% over the years.

What are the stamp duty and registration fees for properties in Udaya Nagar Extension?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for Udaya Nagar Extension?

The Kunrathur Sub Registrar Office handles registrations for Udaya Nagar Extension, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Udaya Nagar Extension?

The land classification for Udaya Nagar Extension is Residential Special Type - II.