Guideline Value for Udhaya Nagar Extn Manikandan Street

Udhaya Nagar Extn Manikandan Street guideline value

The current guideline value of Udhaya Nagar Extn Manikandan Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Udhaya Nagar Extn Manikandan Street has changed

Over the years, the guideline value of Udhaya Nagar Extn Manikandan Street has seen several revisions. The 2012 revision set the value at Rs 3,200 per sq.ft, which was followed by a decrease to Rs 2,144 per sq.ft in the 2017 revision. However, the value rose significantly to Rs 3,200 per sq.ft in the 2023 revision, and then further increased to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%. It is important to note that the guideline 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, 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, placing Udhaya Nagar Extn Manikandan Street's 2024 value below this median.

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

Stamp duty and registration fee for property in Udhaya Nagar Extn Manikandan Street

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 cost to Rs 3,16,800. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Udhaya Nagar Extn Manikandan Street?

The Udhaya Nagar Extn Manikandan Street 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 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.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Udhaya Nagar Extn Manikandan Street?

The current guideline value of Udhaya Nagar Extn Manikandan 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 2023 to Rs 3,520 per sq.ft in 2024, a 10% increase. The value also increased from Rs 2,144 per sq.ft in 2017 to Rs 3,200 per sq.ft in 2023, marking a 49% rise.

What is the land classification for Udhaya Nagar Extn Manikandan Street?

Udhaya Nagar Extn Manikandan Street is classified as Residential Special Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Kunrathur Sub Registrar Office, which covers Udhaya Nagar Extn Manikandan Street, is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

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