Guideline Value

Corporate

Guideline Value for Unnmai Nagar 1st Street

₹1650/sq.ft.

The guideline value for Unnmai Nagar 1st Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Unnmai Nagar 1st Street

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Unnmai Nagar 1st Street guideline value

The current guideline value of Unnmai Nagar 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

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

The guideline value for Unnmai Nagar 1st Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is a 10% increase from Rs 1,500 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 1,005 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from 2017 to 2024 is an increase of 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Unnmai Nagar 1st Street. This lack of data indicates that the guideline value has only been recorded from 2017 onwards.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for this area is Rs 2,750 per sq.ft, which means that Unnmai Nagar 1st Street's 2024 figure is below the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that 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 accurate calculations based on your property.

Which Sub Registrar Office covers Unnmai Nagar 1st Street?

The Sub Registrar Office that covers Unnmai Nagar 1st Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are recorded accurately and transparently.

When registering a property, buyers and sellers must consider the guideline value, as it directly influences the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the state receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Unnmai Nagar 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64%. The most recent revision from 2023 to 2024 saw a 10% increase.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. Unnmai Nagar 1st Street's 2024 guideline value is below this median.

What are the stamp duty and registration fees for property in Unnmai Nagar 1st Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registration for Unnmai Nagar 1st Street?

The Velacheri Sub Registrar Office handles property registration for Unnmai Nagar 1st Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.