Guideline Value for UPPANDI BABU STREET

Uppandi Babu Street guideline value

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

How the guideline value of Uppandi Babu Street has changed

The guideline value for Uppandi Babu Street has experienced several revisions 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% increase. By 2007, the value rose significantly to Rs 500 per sq.ft, a change of 36%. The 2012 revision maintained the value at Rs 1,500 per sq.ft, showing no change from the previous year. In 2023, the guideline value remained at Rs 1,500 per sq.ft, and in 2024, it increased to Rs 1,600 per sq.ft, reflecting a 7% rise.

Notably, there is no figure available for Uppandi Babu Street in the 2017 revision. 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 Street is below this median.

• Uppandi Babu Lane: 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 Street

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 these fees would be Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Uppandi Babu Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps in maintaining a fair valuation of properties within the region.

Frequently asked questions

What is the current guideline value of Uppandi Babu Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 336 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 376% over this period.

Is there a figure for Uppandi Babu Street in the 2017 revision?

No, the register has no figure for Uppandi Babu Street in the 2017 revision.

What are the other streets in Perambur with their guideline values?

Other streets in Perambur include Uppandi Babu Lane at Rs 1,600 per sq.ft, Uppara Palayam at Rs 2,200 per sq.ft, and several Vadivelu Mudali streets ranging from Rs 4,300 to Rs 4,900 per sq.ft.

Where can I find the Sub Registrar Office for Uppandi Babu Street?

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