Guideline Value for UPPIRA NARAYANAN STREET

Uppira Narayanan Street guideline value

The current guideline value of Uppira Narayanan Street 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 Street has changed

Over the years, the guideline value of Uppira Narayanan Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 264%. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. Following this, the value surged to Rs 4,000 per sq.ft in 2023, and then further increased by 10% to the current value of Rs 4,400 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the current 2024 revision shows an increase of 300%.

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. The median guideline value is Rs 5,500 per sq.ft, placing Uppira Narayanan Street's current value below this median.

• Uppira Narayanan 3rd Lane: Rs 4,400 per sq.ft (2024)
• Uppira Valluvan Street: Rs 4,400 per sq.ft (2024)
• Uppira Narayanan 2nd Lane: Rs 4,400 per sq.ft (2024)
• Uppira Narayanan 1st Lane: Rs 4,400 per sq.ft (2024)
• Vada Malai Pillai Street: Rs 6,000 per sq.ft (2024)
• Vaikkakaran Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Uppira Narayanan Street

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, bringing the total charges to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Uppira Narayanan Street?

The Sub Registrar Office that covers Uppira Narayanan Street 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 during property registration in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Uppira Narayanan Street?

The current guideline value of Uppira Narayanan Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, which is higher than the current value of Uppira Narayanan Street.

What are the stamp duty and registration fees for property in Uppira Narayanan Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, leading to a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Uppira Narayanan Street?

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