Guideline Value for UPPANDI BABU LANE

Uppandi Babu Lane guideline value

The current guideline value of Uppandi Babu Lane is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Uppandi Babu Lane has changed

The guideline value of Uppandi Babu Lane has seen significant changes over the years. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value continued to rise to Rs 500 per sq.ft in 2007, reflecting a substantial increase of 36%. Following this, the guideline value jumped to Rs 1,500 per sq.ft in 2012, showing a remarkable increase of 200% from the previous revision. The value remained unchanged at Rs 1,500 per sq.ft until 2023.

In 2023, the guideline value was revised to Rs 1,500 per sq.ft, and then it increased to Rs 1,600 per sq.ft in 2024, which is a 7% increase. The register has no figure for this street in 2017. Overall, from 2002 to 2024, the guideline value has increased by 376%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Uppandi Babu Lane is below this median.

• Uppandi Babu Street: Rs 1,600 per sq.ft (2024)
• Uppara Palayam: Rs 2,200 per sq.ft (2024)
• Vadivelu Mudali 1st Cross Street: Rs 4,300 per sq.ft (2024)
• Vadivelu Mudali 2nd Cross Street: Rs 4,300 per sq.ft (2024)
• Vadivelu Mudali 3rd Cross Street: Rs 4,300 per sq.ft (2024)
• Vadivelu Mudali Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Uppandi Babu Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, the total cost for stamp duty and registration fee would be Rs 1,44,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Uppandi Babu Lane?

The Sub Registrar Office that covers Uppandi Babu Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

When buying or selling property in Perambur, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. The guideline value serves as a benchmark for the minimum value at which the property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. This value is updated periodically, reflecting changes in the real estate market and local infrastructure developments.

Frequently asked questions

What is the current guideline value of Uppandi Babu Lane?

The current guideline value of Uppandi Babu Lane is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 336 per sq.ft to Rs 1,600 per sq.ft in 2024, representing an overall increase of 376%.

What is the stamp duty rate for property in Uppandi Babu Lane?

The stamp duty rate for property transactions in Uppandi Babu Lane is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Uppandi Babu Lane?

The Purasaivakkam Sub Registrar Office covers Uppandi Babu Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Are there other streets with different guideline values in Perambur?

Yes, there are several other streets in Perambur with varying guideline values, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with the median being Rs 2,700 per sq.ft.