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Guideline Value

Corporate

Guideline Value for UPPIRA NARAYANAN 3RD LANE

₹4400/sq.ft.

The guideline value for Uppira Narayanan 3rd Lane in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Uppira Narayanan 3rd Lane

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Uppira Narayanan 3rd Lane guideline value

The current guideline value of Uppira Narayanan 3rd Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Uppira Narayanan 3rd Lane has changed

The guideline value for Uppira Narayanan 3rd Lane has seen several revisions over the years. In the 2007 revision, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision. However, this figure dropped to Rs 2,680 per sq.ft in the 2017 revision, before rising to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft.

From the 2017 to 2023 revision, there was a notable increase of 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value of Uppira Narayanan 3rd Lane is below this median.

Stamp duty and registration fee for property in Uppira Narayanan 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total fees together Rs 3,96,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator to estimate your fees based on your property's sale price.

Which Sub Registrar Office covers Uppira Narayanan 3rd Lane?

The Sub Registrar Office that covers Uppira Narayanan 3rd 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 Purasaivakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable stamp duty and registration fees. This ensures that the fees are reflective of the property's value as determined by the state's guidelines.

Frequently asked questions

What is the current guideline value of Uppira Narayanan 3rd Lane?

The current guideline value of Uppira Narayanan 3rd Lane is Rs 4,400 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 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

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

The stamp duty is 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 3,96,000.

Which office handles property registrations in Purasaivakkam?

The Purasaivakkam Sub Registrar Office handles property registrations for Uppira Narayanan 3rd Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Uppira Narayanan 3rd Lane?

Uppira Narayanan 3rd Lane is classified as Residential Class IV Type - I, which is important for understanding the zoning and usage regulations for properties in this area.