Guideline Value for Udhaya Nagar

Udhaya Nagar guideline value

The current guideline value of Udhaya Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024. This village is located in Mangadu -A under the Kunrathur SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Udhaya Nagar has changed

The guideline value for Udhaya Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,407 per sq.ft, which increased to Rs 2,300 per sq.ft in the 2023 revision, marking a substantial rise of 63%. The most recent revision in 2024 raised the value further to Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 80%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. Udhaya Nagar's 2024 figure is above this median.

• Udhayakumar Nagar: Rs 1,870 per sq.ft (2024)
• Vaikundaperumal Koil Street: Rs 1,430 per sq.ft (2024)
• Thulasidoss Nagar: Rs 2,090 per sq.ft (2024)
• Thoppu Street: Rs 1,870 per sq.ft (2024)
• Vasanthapuram: Rs 2,090 per sq.ft (2024)
• Vasanthapuram part III: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Udhaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total charges to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Udhaya Nagar?

The Sub Registrar Office that covers Udhaya Nagar is 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 Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring compliance with legal requirements.

When a property transaction occurs, the buyer and seller must consider the guideline value to avoid any discrepancies during registration. The higher of the guideline value or the sale price will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Udhaya Nagar?

The current guideline value of Udhaya Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 80%, from Rs 1,407 per sq.ft to Rs 2,530 per sq.ft in 2024.

What is the registration office for Udhaya Nagar?

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

How is stamp duty calculated in Udhaya Nagar?

Stamp duty in Udhaya Nagar is calculated at 7% of the higher of the guideline value or the sale price. The registration fee is charged at 2% of the same amount.

What are the guideline values of other streets in Mangadu -A?

Other streets in Mangadu -A have varying guideline values, with Udhayakumar Nagar at Rs 1,870 per sq.ft, Vaikundaperumal Koil Street at Rs 1,430 per sq.ft, and Thulasidoss Nagar at Rs 2,090 per sq.ft, among others.