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Guideline Value

Corporate

Guideline Value for Udhaya Nagar 1st Lane

₹3520/sq.ft.

The guideline value for Udhaya Nagar 1st Lane in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Udhaya Nagar 1st Lane

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Udhaya Nagar 1st Lane guideline value

The current guideline value of Udhaya Nagar 1st Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Udhaya Nagar 1st Lane has changed

The guideline value for Udhaya Nagar 1st Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from Rs 2,144 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 3,200 per sq.ft, before the current 2024 revision raised it to Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Udhaya Nagar 1st Lane is below this median.

Stamp duty and registration fee for property in Udhaya Nagar 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Udhaya Nagar 1st Lane?

The Udhaya Nagar 1st Lane is covered by the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration regulations and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Udhaya Nagar 1st Lane?

The current guideline value of Udhaya Nagar 1st Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024. The value has seen an overall increase of 10% from 2012 to 2024.

What is the land classification for Udhaya Nagar 1st Lane?

The land classification for Udhaya Nagar 1st Lane is Residential Special Type - II, indicating its suitability for residential development.

Where can I find the registration office for Udhaya Nagar 1st Lane?

The registration office for Udhaya Nagar 1st Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Udhaya Nagar 1st Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at 7%.