Guideline Value for Udhaya Nagar Extn Main Road

Udhaya Nagar Extn Main Road guideline value

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

How the guideline value of Udhaya Nagar Extn Main Road has changed

The guideline value for Udhaya Nagar Extn Main Road has undergone several revisions over the years. The earliest available revision is from 2012, which set the value at Rs 3,200 per sq.ft. In 2017, this figure decreased to Rs 2,144 per sq.ft, marking a decline of 33%. The 2023 revision increased the guideline value to Rs 3,200 per sq.ft, and the most recent revision in 2024 set it at Rs 3,520 per sq.ft, reflecting an increase of 10% from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register does not provide 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 guideline values 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, which means that Udhaya Nagar Extn Main Road's 2024 figure is below this median.

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

Stamp duty and registration fee for property in Udhaya Nagar Extn Main Road

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 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 detailed calculations.

Which Sub Registrar Office covers Udhaya Nagar Extn Main Road?

The Udhaya Nagar Extn Main Road falls under the jurisdiction of 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 plays a crucial role in the property registration process in Porur. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value to avoid any legal issues.

When registering a property, the guideline value serves as a benchmark for the transaction value. This ensures that the government receives the appropriate revenue from property transactions, as the duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Udhaya Nagar Extn Main Road?

The current guideline value of Udhaya Nagar Extn Main Road 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 increased 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 Main Road?

Udhaya Nagar Extn Main Road is classified as Residential Special Type - II.

Where can I find the registration office for Udhaya Nagar Extn Main Road?

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

How is the stamp duty calculated for properties in this area?

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