Guideline Value

Corporate

Guideline Value for Udhayam Nagar

₹3850/sq.ft.

The guideline value for Udhayam Nagar 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

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Udhayam Nagar guideline value

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

How the guideline value of Udhayam Nagar has changed

Over the years, the guideline value for Udhayam Nagar has seen significant changes. Starting from Rs 228 per sq.ft in 2002, it increased to Rs 256 per sq.ft in 2003, marking a 12% rise. The value then surged to Rs 1,800 per sq.ft in 2007, which represented a remarkable increase of 603%. By 2012, the value remained at Rs 3,500 per sq.ft, with no change recorded in the register. The 2023 revision also maintained the same figure of Rs 3,500 per sq.ft. However, the latest revision in 2024 has raised the guideline value to Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2002 to 2024, the overall increase in the guideline value for Udhayam Nagar is an impressive 1589%. The register has no figure for this street in the year 2017.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Udhayam Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Udhayam Nagar

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, while the registration fee at 2% would be Rs 77,000, bringing the total 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udhayam Nagar?

The Sub Registrar Office that covers Udhayam Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Udhayam Nagar?

The current guideline value of Udhayam Nagar 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 changed significantly from Rs 228 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1589%.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, with Udhayam Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for Udhayam Nagar?

For a 1,000 sq.ft property in Udhayam Nagar, the total guideline value is Rs 38,50,000, resulting in a stamp duty of Rs 2,69,500 and a registration fee of Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Udhayam Nagar?

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