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Guideline Value

Corporate

Guideline Value for Udhaya Nagar 2nd Lane

₹3520/sq.ft.

The guideline value for Udhaya Nagar 2nd 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 2nd Lane

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Udhaya Nagar 2nd Lane guideline value

The current guideline value of Udhaya Nagar 2nd Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Udhaya Nagar 2nd Lane has changed

Over the years, the guideline value of Udhaya Nagar 2nd Lane has seen several revisions. The 2012 revision set the value at Rs 3,200 per sq.ft, which decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 3,520 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The overall change from 2012 to 2024 reflects a modest increase of 10%. The register does not have 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 2nd Lane is below this median.

Stamp duty and registration fee for property in Udhaya Nagar 2nd 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. 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 accurate calculations.

Which Sub Registrar Office covers Udhaya Nagar 2nd Lane?

The Udhaya Nagar 2nd Lane falls under 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 during property transactions in Porur. It serves as a benchmark for determining the minimum value at which properties can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the property.

When buying or selling a property, it is essential to be aware of the guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Udhaya Nagar 2nd Lane?

The current guideline value of Udhaya Nagar 2nd 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 from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a 10% increase. It decreased from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017 before rising again.

What is the classification of land in Udhaya Nagar 2nd Lane?

The land classification for Udhaya Nagar 2nd Lane is Residential Special Type - II. This classification impacts the guideline value and the types of properties that can be developed in the area.

Where can I find the registration office for Udhaya Nagar 2nd Lane?

The registration office for Udhaya Nagar 2nd 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 2nd Lane?

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