Guideline Value for Udhayasuriyan Nagar

Udhayasuriyan Nagar guideline value

The current guideline value of Udhayasuriyan Nagar, located in Nandhivaram village, is Rs 2,000 per sq.ft, effective from the 2024 revision. This property falls under the jurisdiction of the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Udhayasuriyan Nagar has changed

The guideline value for Udhayasuriyan Nagar has seen several revisions over the years. In 2002, the value was Rs 72 per sq.ft, which increased significantly to Rs 612 per sq.ft in 2007, marking a rise of 750%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting an increase of 227%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value remained at Rs 2,000 per sq.ft from 2017 through the 2023 revision.

As of the 2024 revision, the guideline value is still Rs 2,000 per sq.ft, indicating no change from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2,678%.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Udhayasuriyan Nagar's 2024 figure above this median.

• Usha Nagar: Rs 1,200 per sq.ft (2024)
• Usha Nagar Extn: Rs 1,200 per sq.ft (2024)
• Thulukkanathamman Kovil Street: Rs 1,500 per sq.ft (2024)
• Thottam Avenue: Rs 1,500 per sq.ft (2024)
• Vallalar Nagar: Rs 1,500 per sq.ft (2024)
• Valluvar Colony: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Udhayasuriyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value is Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. Please 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 Udhayasuriyan Nagar?

The Sub Registrar Office that covers Udhayasuriyan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Nandhivaram, the guideline value is crucial as it determines the stamp duty and registration fees applicable to the transaction. The guideline value is set by the Registration Department and is used to assess the value of the property for these fees.

It is important to note that the guideline value may differ from the actual sale price of the property. The fees are charged based on the higher amount between the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Udhayasuriyan Nagar?

The current guideline value of Udhayasuriyan Nagar is Rs 2,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 72 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, representing an overall increase of 2,678%.

What is the land classification of Udhayasuriyan Nagar?

Udhayasuriyan Nagar is classified as Residential Special Type - II, according to the local land classification regulations.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, for a property valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri - 603202, Chengalpattu registration zone.