Guideline Value for Unnamalai Nagar

Unnamalai Nagar guideline value

The current guideline value of Unnamalai Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Unnamalai Nagar has changed

The guideline value for Unnamalai Nagar has remained stable at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision set the guideline value at Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Unnamalai Nagar is below this median.

• Thulakathaman kovil street: Rs 1,500 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Nagar Ext.: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Unnamalai Nagar?

The Sub Registrar Office covering Unnamalai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Gooduvancheri

The guideline value is a crucial figure used during the registration of properties in Gooduvancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an established value rather than fluctuating market prices.

When buying or selling property, the guideline value helps to determine the legal and financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Unnamalai Nagar?

The current guideline value of Unnamalai Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification for Unnamalai Nagar?

Unnamalai Nagar is classified as Residential Class I Type - I, indicating its suitability for residential developments.

How does the guideline value compare to other streets in Gooduvancheri?

The guideline value for Unnamalai Nagar is below the median of Rs 1,500 per sq.ft for the 129 streets in Gooduvancheri. Other streets may have higher values, such as Thulakathaman kovil street at Rs 1,500 per sq.ft.

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

The Sub Registrar Office for Unnamalai Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202. This office handles the registration of properties in the area.