Guideline Value for Unnamalai Nagar 3rd Street

Unnamalai Nagar 3rd Street guideline value

The current guideline value of Unnamalai Nagar 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO and is classified as Residential Class I Type - II.

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

The guideline value for Unnamalai Nagar 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, an increase of 59% from Rs 1,072 per sq.ft in 2017. Prior to that, in 2012, the value was Rs 1,600 per sq.ft, which marked a decrease of 33% from the 2017 figure.

Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 6%. It is important to note that the register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

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. The median value for these streets is Rs 2,400 per sq.ft, placing Unnamalai Nagar 3rd Street's 2024 figure below the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. 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 Unnamalai Nagar 3rd Street?

The Sub Registrar Office that covers Unnamalai Nagar 3rd 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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Unnamalai Nagar 3rd 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 to Rs 1,700 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 6%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000. This is based on the guideline value of Rs 1,700 per sq.ft.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Unnamalai Nagar 3rd Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification for Unnamalai Nagar 3rd Street?

The land classification for Unnamalai Nagar 3rd Street is Residential Class I Type - II, indicating its suitability for residential development.