Guideline Value for Udayar Street

Udayar Street guideline value

The current guideline value of Udayar Street in Sekkadu village, under the Avadi SRO, is Rs 930 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Udayar Street has changed

Udayar Street has undergone several revisions in its guideline value. The earliest revision available is from 2012, where the guideline value was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 850 per sq.ft, and then further rose to Rs 930 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

In summary, the guideline value has changed as follows: from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then up to Rs 850 per sq.ft in 2023, and finally reaching Rs 930 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO, with guideline values ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value in this village is Rs 1,320 per sq.ft, indicating that Udayar Street's 2024 guideline value is below this median.

• Varadhapuri Amman Koil Street: Rs 1,075 per sq.ft (2024)
• Varadharaja Nagar: Rs 930 per sq.ft (2024)
• Venkatesan Nagar: Rs 1,320 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Thirukural Street: Rs 1,075 per sq.ft (2024)
• Thiru Kumaran Nagar Extension: Rs 2,680 per sq.ft (2024)

Stamp duty and registration fee for property in Udayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 930 per sq.ft, the total guideline value amounts to Rs 9,30,000. The stamp duty, calculated at 7%, would be Rs 65,100, while the registration fee at 2% would be Rs 18,600, bringing the total cost for these charges to Rs 83,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Udayar Street?

The Udayar Street falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Sekkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Udayar Street?

The current guideline value of Udayar Street is Rs 930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 930 per sq.ft in 2024.

What is the land classification for Udayar Street?

Udayar Street is classified under Residential Class II Type - III land classification.

What are the stamp duty and registration fees for a property in Udayar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 65,100, and the registration fee is Rs 18,600, totaling Rs 83,700.

Which office handles the registration for Udayar Street?

The Avadi Sub Registrar Office handles the registration for Udayar Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.