Guideline Value for Udhayam Nagar 1st Cross Street

Udhayam Nagar 1st Cross Street guideline value

The current guideline value of Udhayam Nagar 1st Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village, under the Kunrathur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Udhayam Nagar 1st Cross Street has changed

The guideline value for Udhayam Nagar 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, it increased by 49% from 2017 to 2023. The overall change from the 2012 revision to the 2024 revision is an increase of 9%.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is equal to the 2024 guideline value for Udhayam Nagar 1st Cross Street.

• Udhayam Nagar 1st Street: Rs 1,200 per sq.ft (2024)
• Udhayam Nagar 2nd Cross Street: Rs 1,200 per sq.ft (2024)
• Udhayam Nagar: Rs 1,200 per sq.ft (2024)
• Udhayam Nagar 2nd Street: Rs 1,200 per sq.ft (2024)
• Vanniyar Street: Rs 1,200 per sq.ft (2024)
• Sundaram Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Udhayam Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value is Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Udhayam Nagar 1st Cross Street?

The Udhayam Nagar 1st Cross 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 further assistance.

How the guideline value is used when you buy or sell in Venkatapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Venkatapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for Udhayam Nagar 1st Cross Street?

The current guideline value for Udhayam Nagar 1st Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for Udhayam Nagar 1st Cross Street?

The land classification for Udhayam Nagar 1st Cross Street is Residential Special Type - I.

What is the stamp duty rate for properties in Udhayam Nagar 1st Cross Street?

The stamp duty rate for properties in Udhayam Nagar 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Udhayam Nagar 1st Cross Street?

The Sub Registrar Office for Udhayam Nagar 1st Cross Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.