Guideline Value for UMA THOTTAM

Uma Thottam guideline value

The current guideline value of Uma Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Uma Thottam has changed

The guideline value for Uma Thottam has seen significant revisions over the years. In 2017, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 set the value at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 69%.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Uma Thottam's 2024 figure below this median.

• Umapathi Lane: Rs 1,700 per sq.ft (2024)
• Uma Maheswari Avenue: Rs 2,200 per sq.ft (2024)
• Ulaveethi Amman Koil Street: Rs 1,100 per sq.ft (2024)
• Ulaveethi Amman Koil 2nd Street: Rs 1,100 per sq.ft (2024)
• Ulaveethi Amman Koil 1st Street: Rs 1,100 per sq.ft (2024)
• Uratchi Ondirya School Street 1st Cross Street Extension: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Uma Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total charges to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Uma Thottam?

The Uma Thottam street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees during property registration. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum value for which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Uma Thottam?

The current guideline value of Uma Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft in 2024, marking an overall increase of 69%.

What is the registration office for Uma Thottam?

The registration office for Uma Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for a property in Uma Thottam?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 17,00,000, the total fees would amount to Rs 1,53,000.

Are there any years without guideline values for Uma Thottam?

Yes, the years 2002, 2003, 2007, and 2012 have no figures available in the register for Uma Thottam.