Guideline Value for Uthra Nagar

Uthra Nagar guideline value

The current guideline value for Uthra Nagar in Menambedu village, under the Ambattur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Uthra Nagar has changed

The guideline value for Uthra Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,002 per sq.ft as of the 2024 revision.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street. The change from 2017 to 2023 was an increase of 113%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, positioning Uthra Nagar's 2024 figure below this median.

• T.T.P Colony: Rs 1,300 per sq.ft (2024)
• Vannar Street: Rs 1,000 per sq.ft (2024)
• Varadhan Street: Rs 1,700 per sq.ft (2024)
• T.N.E.B. Colony: Rs 1,700 per sq.ft (2024)
• Thulukanam Street: Rs 1,700 per sq.ft (2024)
• Thulasi Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Uthra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, leading to a total cost of Rs 90,180. 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 further calculations.

Which Sub Registrar Office covers Uthra Nagar?

The Sub Registrar Office that covers Uthra Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Menambedu. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Uthra Nagar?

The current guideline value of Uthra Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,002 per sq.ft in 2024.

What is the land classification of Uthra Nagar?

Uthra Nagar is classified as Residential Class V Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Uthra Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Uthra Nagar?

The stamp duty for properties in Uthra Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.