Guideline Value for UMARUPULAVAR STREET (WARD -6)

Umarupulavar Street (Ward -6) guideline value

The current guideline value of Umarupulavar Street (Ward -6) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Umarupulavar Street (Ward -6) has changed

The guideline value for Umarupulavar Street has seen several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,072 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 1,600 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making Umarupulavar Street's 2024 figure above the median.

• Union Salai, Peramnur (Ward -15): Rs 440 per sq.ft (2024)
• Unity Colony (Kr): Rs 990 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 660 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Vaamana Munivar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Vaanavaramban Street (Ward -4): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Umarupulavar Street (Ward -6)

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Umarupulavar Street (Ward -6)?

The Sub Registrar Office that covers Umarupulavar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ninna Karai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs involved in the transaction. Proper understanding of this value ensures compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Umarupulavar Street (Ward -6)?

The current guideline value of Umarupulavar Street (Ward -6) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with notable changes in 2017 and 2023 revisions.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,60,000, the stamp duty is Rs 1,23,200 and the registration fee is Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for properties on Umarupulavar Street?

The Chengleput Joint II Sub Registrar Office handles registrations for properties on Umarupulavar Street (Ward -6).

What is the land classification for Umarupulavar Street?

Umarupulavar Street is classified as Residential Special Type - III under the local land classification regulations.