Guideline Value for udaiyar Street

udaiyar Street guideline value

The current guideline value of udaiyar Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Ulunthai village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of udaiyar Street has changed

In the 2012 revision, the guideline value for udaiyar Street was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it was reduced to Rs 100 per sq.ft, marking a decrease of 33%. By the 2023 revision, the value increased by 50% to Rs 150 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

There are no figures available for udaiyar Street in the revisions for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 150 per sq.ft.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 426 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the guideline value for udaiyar Street.

• Vadukar Colony: Rs 150 per sq.ft (2024)
• Vayaloor Road: Rs 150 per sq.ft (2024)
• Swathi Nagar Phase I-IV: Rs 350 per sq.ft (2024)
• Swathi Land: Rs 426 per sq.ft (2024)
• Vinayagar Kovil Street: Rs 150 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in udaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees together Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers udaiyar Street?

The Sub Registrar Office that covers udaiyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ulunthai. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the fees are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. The registration process requires that these fees be paid based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of udaiyar Street?

The current guideline value of udaiyar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for udaiyar Street has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, and then back to Rs 150 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Ulunthai?

The median guideline value for the 27 streets in Ulunthai under the Sunguvarchattram SRO is Rs 150 per sq.ft, which is the same as the guideline value for udaiyar Street.

What are the stamp duty and registration fees for udaiyar Street?

For a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft, the total guideline value is Rs 1,50,000. The stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where can I find the Sub Registrar Office for udaiyar Street?

The Sub Registrar Office for udaiyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.