Guideline Value for UMAPATHI STREET EXTENSION

Umapathi Street Extension guideline value

The current guideline value of Umapathi Street Extension is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Umapathi Street Extension has changed

The guideline value for Umapathi Street Extension has seen significant changes over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased dramatically to Rs 6,500 per sq.ft by 2012. However, this figure dropped to Rs 3,886 per sq.ft in 2017. The value then rose to Rs 5,800 per sq.ft in 2023, and currently stands at Rs 6,300 per sq.ft as of the 2024 revision.

Between the revisions, the changes are notable. From 2007 to 2012, there was an increase of 294%, followed by a decrease of 40% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a rise of 9% from 2023 to 2024. The overall increase from 2007 to 2024 is 282%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value range from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Umapathi Street Extension above this median at Rs 6,300 per sq.ft.

• Umapathy Street: Rs 7,100 per sq.ft (2024)
• United India Colony 1st Cross Street: Rs 8,800 per sq.ft (2024)
• United India Colony 1st Main Road: Rs 8,200 per sq.ft (2024)
• United India Colony 2nd Cross Street: Rs 8,200 per sq.ft (2024)
• United India Colony 2nd Main Road: Rs 8,200 per sq.ft (2024)
• United India Colony 3rd Cross Street: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Umapathi Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Umapathi Street Extension?

The Sub Registrar Office that covers Umapathi Street Extension is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Umapathi Street Extension?

The current guideline value of Umapathi Street Extension is Rs 6,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 282% over the years.

What is the registration office for Umapathi Street Extension?

The registration office for Umapathi Street Extension is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Umapathi Street Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 at a rate of 7%.

What are the other streets in Puliyur with guideline values?

Other streets in Puliyur include Umapathy Street at Rs 7,100 per sq.ft, United India Colony 1st Cross Street at Rs 8,800 per sq.ft, and several others, with values ranging from Rs 3,300 to Rs 14,300 per sq.ft.