Guideline Value for UPPIRA VALLUVAN STREET

Uppira Valluvan Street guideline value

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

How the guideline value of Uppira Valluvan Street has changed

In the 2007 revision, the guideline value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a 264% rise. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, which is a decline of 33%. The value then rose to Rs 4,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, making the guideline value of Uppira Valluvan Street below the median.

• Uppira Narayanan Street: Rs 4,400 per sq.ft (2024)
• Uppira Narayanan 3rd Lane: 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 Valluvan 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Uppira Valluvan Street?

The Sub Registrar Office that covers Uppira Valluvan 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 when registering property transactions in Purasaivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value to ensure compliance with legal requirements. It is advisable to consult with a legal expert or real estate professional to understand the implications of the guideline value in property transactions.

Frequently asked questions

What is the current guideline value of Uppira Valluvan Street?

The current guideline value of Uppira Valluvan 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 seen several changes, increasing from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is a total increase of 300% over the years.

What is the land classification for Uppira Valluvan Street?

Uppira Valluvan Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Uppira Valluvan Street is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the Sub Registrar Office for Uppira Valluvan Street located?

The Sub Registrar Office for Uppira Valluvan Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, under the Purasaivakkam registration zone.