Guideline Value for UPPUKOLLIASTREET

Uppukolliastreet guideline value

The current guideline value of Uppukolliastreet is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village under the Poonamallee SRO, classified as Commercial Class I Type - I.

How the guideline value of Uppukolliastreet has changed

The guideline value for Uppukolliastreet has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, and finally, it reached Rs 4,950 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the changes were notable. From 2007 to 2012, the value increased by 1400%. From 2012 to 2017, it decreased by 33%. The jump from 2017 to 2023 was a significant 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2007 to 2024, the guideline value has increased by 1550%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Uppukolliastreet's 2024 figure above that median.

• Uppu kollai street: Rs 2,740 per sq.ft (2024)
• Vaaniyaar street (west): Rs 2,200 per sq.ft (2024)
• Vaidthee avenue: Rs 2,200 per sq.ft (2024)
• Vaidthee Nagar: Rs 2,200 per sq.ft (2024)
• Udayar street (sippai line): Rs 2,200 per sq.ft (2024)
• Udayar street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Uppukolliastreet

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, while the registration fee at 2% would be Rs 99,000. Together, the total cost for stamp duty and registration would be Rs 4,45,500. 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 Uppukolliastreet?

The Sub Registrar Office that covers Uppukolliastreet is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Poonthamallee. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, it is essential to consider the guideline value to understand the financial implications of the transaction. This value is used to determine the applicable taxes and fees, which are mandatory during the registration process.

Frequently asked questions

What is the current guideline value of Uppukolliastreet?

The current guideline value of Uppukolliastreet is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 1550% over the years.

What is the land classification for Uppukolliastreet?

Uppukolliastreet is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Uppukolliastreet?

The Sub Registrar Office covering Uppukolliastreet is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

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

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500. Duty is charged on the higher of the guideline value or the sale price.