Guideline Value for Udayam Theru

Udayam Theru guideline value

The current guideline value of Udayam Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO and is classified as Residential Class III Type - I.

How the guideline value of Udayam Theru has changed

The guideline value for Udayam Theru has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,800 per sq.ft. This figure then decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Udayam Theru. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Udayam Theru's 2024 value below this median.

• U.V. Saminathan Street: Rs 1,650 per sq.ft (2024)
• Vallalar Street: Rs 2,640 per sq.ft (2024)
• Tirupur Kumaran Street: Rs 3,960 per sq.ft (2024)
• Valmiki Street: Rs 2,310 per sq.ft (2024)
• Vanavil Avenue: Rs 3,960 per sq.ft (2024)
• Vanchinathan Theru: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Udayam Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udayam Theru?

The Sub Registrar Office that covers Udayam Theru 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 Perungalathur

The guideline value is a crucial factor in the property registration process in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during transactions.

When registering a property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and that the government receives the required revenue from property sales.

Frequently asked questions

What is the current guideline value of Udayam Theru?

The current guideline value of Udayam Theru is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Udayam Theru has seen several revisions, with the most recent increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024. The value has also changed from Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What is the classification of land in Udayam Theru?

Udayam Theru is classified as Residential Class III Type - I, which indicates its designated use for residential purposes.

Where is the Sub Registrar Office for Udayam Theru located?

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

How is stamp duty calculated for properties in Udayam Theru?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at 7%.