Guideline Value for udhaya nagar

Udhaya Nagar guideline value

The current guideline value of Udhaya Nagar, located in Minjur village under the Ponneri SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Udhaya Nagar has changed

The guideline value for Udhaya Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Udhaya Nagar in the years 2002, 2003, 2007, and 2012. Overall, the guideline value has increased by 64% from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. Udhaya Nagar's 2024 guideline value is below this median.

• Union Carbide Employees Co Operative Nagar Phase-II: Rs 580 per sq.ft (2024)
• T.R.Reddiyar Nagar: Rs 440 per sq.ft (2024)
• T.K.R. Road: Rs 1,320 per sq.ft (2024)
• Varalakshmi Nagar: Rs 550 per sq.ft (2024)
• Varasithi Vinayagar Nagar: Rs 550 per sq.ft (2024)
• Vasantham Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Udhaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost to Rs 39,600. It is important to note that 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 Udhaya Nagar?

The Udhaya Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property transactions in Minjur, as it determines the minimum price at which properties can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value to avoid any discrepancies during the registration process. This ensures a smooth transaction and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Udhaya Nagar?

The current guideline value of Udhaya Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024. This represents a total increase of 64% over the seven-year period.

What are the stamp duty and registration fees for property in Udhaya Nagar?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value determined for properties in Minjur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical revisions. It serves as a reference for property transactions in the area.