Guideline Value for Udhayam Nagar 2nd Cross Street

Udhayam Nagar 2nd Cross Street guideline value

The current guideline value of Udhayam Nagar 2nd Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Udhayam Nagar 2nd Cross Street has changed

The guideline value for Udhayam Nagar 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,100 per sq.ft, and the latest revision in 2024 has further raised it to Rs 1,200 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the overall change from 2012 to 2024 shows a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value for these streets is Rs 1,200 per sq.ft, which is equal to the 2024 figure for Udhayam Nagar 2nd Cross Street.

• Udhayam Nagar 1st Street: Rs 1,200 per sq.ft (2024)
• Udhayam Nagar 1st Cross Street: Rs 1,200 per sq.ft (2024)
• Udhayam Nagar 2nd Street: Rs 1,200 per sq.ft (2024)
• Udhayam Nagar: 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 2nd 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 would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total charges Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Udhayam Nagar 2nd Cross Street?

The Udhayam Nagar 2nd Cross Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Venkatapuram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps establish the minimum value for which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Udhayam Nagar 2nd Cross Street?

The current guideline value of Udhayam Nagar 2nd Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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 2nd Cross Street?

The land classification for Udhayam Nagar 2nd Cross Street is Residential Special Type - I.

Where can I find the registration office for Udhayam Nagar 2nd Cross Street?

The registration office for Udhayam Nagar 2nd Cross Street 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 Udhayam Nagar 2nd Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000.