Guideline Value for Udayasooriyan Link Road

Udayasooriyan Link Road guideline value

The current guideline value of Udayasooriyan Link Road is Rs 3,400 per sq.ft, effective from 1 July 2024. This road is located in Satthankadu village under the Thiruvottiyur SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Udayasooriyan Link Road has changed

The guideline value for Udayasooriyan Link Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 3,100 per sq.ft in 2012, marking a 288% increase. However, the value dropped to Rs 2,077 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 3,100 per sq.ft, which then rose to Rs 3,400 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 325%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, which matches the guideline value of Udayasooriyan Link Road.

• Udayasooriyan Street: Rs 3,400 per sq.ft (2024)
• Upparapalayam Streets: Rs 3,400 per sq.ft (2024)
• Thulasiram Nagar: Rs 3,400 per sq.ft (2024)
• T.H.Road: Rs 5,500 per sq.ft (2024)
• Vanniyar Street: Rs 2,800 per sq.ft (2024)
• Varadharajan street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Udayasooriyan Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, leading to a total of Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udayasooriyan Link Road?

The Sub Registrar Office that covers Udayasooriyan Link Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process for property transactions in Satthankadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable charges. Buyers should be aware that the stamp duty is levied on the higher of the guideline value or the sale price, ensuring that the correct fees are paid based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Udayasooriyan Link Road?

The current guideline value of Udayasooriyan Link Road is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting a total increase of 325% over the years.

What are the other streets in Satthankadu with similar guideline values?

Other streets in Satthankadu with a 2024 guideline value of Rs 3,400 per sq.ft include Udayasooriyan Street, Upparapalayam Streets, and Thulasiram Nagar.

What are the stamp duty and registration fees for property in Udayasooriyan Link Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, amounting to a total of Rs 3,06,000.

Which office handles property registrations for Udayasooriyan Link Road?

The Thiruvottiyur Sub Registrar Office handles property registrations for Udayasooriyan Link Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.