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Guideline Value

Corporate

Guideline Value for Udhayam Nagar 3rd Street

₹3850/sq.ft.

The guideline value for Udhayam Nagar 3rd Street 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 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹256 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹228 /sq.ft.
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 3rd Street

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Udhayam Nagar 3rd Street guideline value

The current guideline value of Udhayam Nagar 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Udhayam Nagar 3rd Street has changed

The guideline value for Udhayam Nagar 3rd Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 228 per sq.ft, which increased to Rs 256 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,800 per sq.ft in 2007, marking an increase of 603%. The value remained unchanged at Rs 3,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 saw a 10% increase to Rs 3,850 per sq.ft.

There is no figure available for the 2017 revision in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1589%.

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 as of 2024. The median guideline value in this area is Rs 4,400 per sq.ft, indicating that Udhayam Nagar 3rd Street's current value is below this median.

Stamp duty and registration fee for property in Udhayam Nagar 3rd Street

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 at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees 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.

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

Which Sub Registrar Office covers Udhayam Nagar 3rd Street?

The Udhayam Nagar 3rd Street falls under 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 details.

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

The guideline value is a crucial factor during property transactions in Velachery. It is used to determine the stamp duty and registration fees payable when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value serves as a reference point for the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Udhayam Nagar 3rd Street?

The current guideline value of Udhayam Nagar 3rd Street 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 228 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking a total increase of 1589% over this period.

What is the stamp duty for property in Udhayam Nagar 3rd Street?

The stamp duty for a property valued at Rs 38,50,000 would be Rs 2,69,500, calculated at 7% of the guideline value.

Which office handles registrations for Udhayam Nagar 3rd Street?

The Velacheri Sub Registrar Office handles registrations for Udhayam Nagar 3rd Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there other streets in Velachery with the same guideline value?

Yes, several other streets in Velachery also have a guideline value of Rs 3,850 per sq.ft as of 2024, including Udhayam Nagar 3rd Cross Street, Udhayam Nagar 4th Cross Street, Udhayam Nagar 2nd Street, Udhayam Nagar Annex, and Udhayam Nagar Annex Amirtham Avenue.