Guideline Value for Unnamalai Nagar 1st Street

Unnamalai Nagar 1st Street guideline value

The current guideline value of Unnamalai Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Unnamalai Nagar 1st Street has changed

The guideline value for Unnamalai Nagar 1st Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,600 per sq.ft. This decreased to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value increased by 59%, bringing it to the current rate of Rs 1,700 per sq.ft.

There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median of Rs 2,400 per sq.ft. The guideline value of Unnamalai Nagar 1st Street is below this median.

• Unnamalai Nagar: Rs 1,700 per sq.ft (2024)
• Unnamalai Nagar 2nd Street: Rs 1,700 per sq.ft (2024)
• Unnamalai Nagar 3rd Street: Rs 1,700 per sq.ft (2024)
• Unnamalai Nagar Main Road: Rs 1,700 per sq.ft (2024)
• Unnamalai Nagar Road: Rs 1,700 per sq.ft (2024)
• Valter Devaraj Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamalai Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Unnamalai Nagar 1st Street?

The Sub Registrar Office covering Unnamalai Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, under the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Unnamalai Nagar 1st Street?

The current guideline value of Unnamalai Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then increased to Rs 1,700 per sq.ft in 2024.

What is the land classification for Unnamalai Nagar 1st Street?

Unnamalai Nagar 1st Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Unnamalai Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.