Guideline Value for Udhaya Nagar Extn Ekambaram 1st Street

Udhaya Nagar Extn Ekambaram 1st Street guideline value

The current guideline value of Udhaya Nagar Extn Ekambaram 1st Street 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 Extn Ekambaram 1st Street has changed

The guideline value for Udhaya Nagar Extn Ekambaram 1st Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 3,200 per sq.ft. This figure decreased to Rs 2,144 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,200 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 3,520 per sq.ft, reflecting a 10% rise from the previous year.

The guideline value register does not contain 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 with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Udhaya Nagar Extn Ekambaram 1st Street's 2024 value below this median.

• Udhaya nagar 4th Street: Rs 3,520 per sq.ft (2024)
• Udhaya nagar Extn Ekambaram 2nd Street: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar Extn Main Road: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Udhaya Nagar Extn Manikandan 1st Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Udhaya Nagar Extn Ekambaram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udhaya Nagar Extn Ekambaram 1st Street?

The Udhaya Nagar Extn Ekambaram 1st Street 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 in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Udhaya Nagar Extn Ekambaram 1st Street?

The current guideline value for Udhaya Nagar Extn Ekambaram 1st Street 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 2012 to Rs 2,144 per sq.ft in 2017, then to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Udhaya Nagar Extn Ekambaram 1st Street?

The land classification for Udhaya Nagar Extn Ekambaram 1st Street is Residential Special Type - II.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Porur?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is charged at 7% of the applicable value.