Guideline Value for Udhayam Nagar Extn

Udhayam Nagar Extn guideline value

The current guideline value of Udhayam Nagar Extn is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village, under the Padappai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Udhayam Nagar Extn has changed

The guideline value for Udhayam Nagar Extn has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 880 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 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Udhayam Nagar Extn.

• Udayam Nagar: Rs 880 per sq.ft (2024)
• Vaigundha Perumal Koil Street: Rs 880 per sq.ft (2024)
• Thiru Vi Ka Street: Rs 880 per sq.ft (2024)
• Velankanni Nagar: Rs 770 per sq.ft (2024)
• Thirumalai Nagar: Rs 770 per sq.ft (2024)
• Vignesh Avenue: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Udhayam Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Udhayam Nagar Extn?

The Udhayam Nagar Extn falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manimangalam A. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with state regulations.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Udhayam Nagar Extn?

The current guideline value of Udhayam Nagar Extn is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking an overall increase of 64% over the years.

What is the registration office for Udhayam Nagar Extn?

The registration office covering Udhayam Nagar Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty rates for property in Udhayam Nagar Extn?

The stamp duty rate for property in Udhayam Nagar Extn is 7% of the guideline value or the sale price, whichever is higher.

How many streets in Manimangalam A have a guideline value in 2024?

There are 112 streets in Manimangalam A under the Padappai SRO that have a guideline value in 2024, with values ranging from Rs 550 to Rs 2,500 per sq.ft.