Guideline Value for Udayam Nagar

Udayam Nagar guideline value

The current guideline value of Udayam Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village under the Padappai SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Udayam Nagar has changed

The guideline value for Udayam Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Udayam Nagar in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is equal to the current value of Udayam Nagar.

• Udhayam Nagar Extn: Rs 880 per sq.ft (2024)
• Vaigundha Perumal Koil Street: Rs 880 per sq.ft (2024)
• Thiru Vi Ka Street: Rs 880 per sq.ft (2024)
• Velankanni Nagar: Rs 770 per sq.ft (2024)
• Thirumalai Nagar: Rs 770 per sq.ft (2024)
• Vignesh Avenue: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Udayam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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 Udayam Nagar?

The Sub Registrar Office that covers Udayam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Manimangalam A, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price, ensuring that the appropriate fees are collected.

Frequently asked questions

What is the current guideline value of Udayam Nagar?

The current guideline value of Udayam Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets with the same guideline value in Manimangalam A?

Other streets in Manimangalam A with the same guideline value of Rs 880 per sq.ft include Udhayam Nagar Extn, Vaigundha Perumal Koil Street, and Thiru Vi Ka Street.

What is the registration fee for a property in Udayam Nagar?

The registration fee for a property in Udayam Nagar is calculated at 2% of the guideline value. For example, for a property valued at Rs 8,80,000, the registration fee would be Rs 17,600.

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

The Sub Registrar Office for Udayam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.