Guideline Value for UPPARA PALAYAM

Uppara Palayam guideline value

The current guideline value of Uppara Palayam is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Uppara Palayam has changed

The guideline value for Uppara Palayam has undergone several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 419 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a significant rise of 19%. The value then saw a substantial jump to Rs 2,000 per sq.ft in 2012, which remained unchanged until the 2023 revision.

In 2023, the guideline value was Rs 2,000 per sq.ft, and it increased by 10% to Rs 2,200 per sq.ft in the 2024 revision. Overall, from 2003 to 2024, the guideline value has increased by 425%. There are no figures available for the years 2002 and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that have 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 Uppara Palayam is below this median.

• Uppandi Babu Street: Rs 1,600 per sq.ft (2024)
• Uppandi Babu Lane: Rs 1,600 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 Uppara Palayam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Uppara Palayam?

The Sub Registrar Office that covers Uppara Palayam 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

The guideline value is an important factor in the registration process when buying or selling property in Perambur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately according to government regulations.

When a property is sold, the guideline value will be compared to the sale price, and the higher amount will be used to determine the applicable duties and fees. This ensures that the transaction reflects the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Uppara Palayam?

The current guideline value of Uppara Palayam is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 419 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 425% over this period.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft for the year 2024, with Uppara Palayam's value being below this median.

What are the stamp duty and registration fees for property in Uppara Palayam?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Uppara Palayam located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Uppara Palayam.