Guideline Value for Udayam Nagar

Udayam Nagar guideline value

The current guideline value of Udayam Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - III.

How the guideline value of Udayam Nagar has changed

The guideline value for Udayam Nagar has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,072 per sq.ft. This increased significantly to Rs 1,600 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 saw another increase to Rs 1,760 per sq.ft, which is a 10% change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value remained unlisted during those periods.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Udayam Nagar's 2024 figure above this median.

• Trident Garden Phase I to X: Rs 2,090 per sq.ft (2024)
• Vadavandai Street: Rs 1,540 per sq.ft (2024)
• Vaithilingam Nagar: Rs 4,580 per sq.ft (2024)
• Thoppu Street Natham: Rs 1,540 per sq.ft (2024)
• Vannia Street: Rs 1,540 per sq.ft (2024)
• Thiru Vooraga Perumal Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Udayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fees would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udayam Nagar?

The Sub Registrar Office that covers Udayam Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process for property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Udayam Nagar?

The current guideline value of Udayam Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for properties in Udayam Nagar?

The stamp duty for properties in Udayam Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Udayam Nagar?

The Sub Registrar Office for Udayam Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating the applicable stamp duty and registration fees during property transactions.