Guideline Value for Unnamalai Nagar Road

Unnamalai Nagar Road guideline value

The current guideline value of Unnamalai Nagar Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road 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 Road has changed

The guideline value for Unnamalai Nagar Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. However, in the 2024 revision, the guideline value increased significantly to Rs 1,700 per sq.ft, reflecting a rise of 59% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 6%. It is important to note that the guideline register does not have figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing the current value of Unnamalai Nagar Road below this median.

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

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 or the sale price.

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

Which Sub Registrar Office covers Unnamalai Nagar Road?

The Sub Registrar Office that covers Unnamalai Nagar Road 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 information.

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

The guideline value is a crucial factor in property transactions in Madambakkam, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Unnamalai Nagar Road?

The current guideline value of Unnamalai Nagar Road 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 median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current value of Unnamalai Nagar Road.

What are the stamp duty and registration fees for properties in Unnamalai Nagar Road?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value, which can be calculated based on the current rate of Rs 1,700 per sq.ft.

Where can I find the Sub Registrar Office for Unnamalai Nagar Road?

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