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Guideline Value

Corporate

Guideline Value for Udhayam Nagar 2nd Main Road

₹3850/sq.ft.

The guideline value for Udhayam Nagar 2nd Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Udhayam Nagar 2nd Main Road

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Udhayam Nagar 2nd Main Road guideline value

The current guideline value of Udhayam Nagar 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Udhayam Nagar 2nd Main Road has changed

The guideline value for Udhayam Nagar 2nd Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase from Rs 3,500 per sq.ft in the 2023 revision. Notably, there was no change in the value from 2012 to 2023, where it remained at Rs 3,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, comparing the 2012 revision at Rs 3,500 per sq.ft to the current 2024 figure, there has been a total increase of 10%. The change from the 2023 revision to 2024 reflects a 10% rise, marking the first adjustment since 2012.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Udhayam Nagar 2nd Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Udhayam Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty, charged at 7%, would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udhayam Nagar 2nd Main Road?

The Udhayam Nagar 2nd Main Road is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid.

Frequently asked questions

What is the current guideline value of Udhayam Nagar 2nd Main Road?

The current guideline value of Udhayam Nagar 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. There has been no change from 2012 to 2023, where it remained at Rs 3,500 per sq.ft.

What are the stamp duty rates for properties in Udhayam Nagar 2nd Main Road?

The stamp duty rate for properties in Udhayam Nagar 2nd Main Road is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees when buying or selling property. It ensures that the transaction is recorded accurately and that the appropriate taxes are paid.