Guideline Value for UPTOWN PARK

Uptown Park guideline value

The current guideline value of Uptown Park in Agraharam Male village is Rs 770 per sq.ft, effective from 1 July 2024. This property falls under the Poonamallee SRO and is classified as Residential Class I Type - I.

How the guideline value of Uptown Park has changed

The guideline value for Uptown Park has seen revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, a 10% increase from the 2023 revision, which was Rs 700 per sq.ft. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. The historical revisions have not provided any figures for this street in the earlier years mentioned.

Guideline values in Agraharam Male

In Agraharam Male village, there are 16 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,400 per sq.ft. The median value is Rs 770 per sq.ft, making Uptown Park's 2024 figure equal to this median.

• The Ark Enclave: Rs 770 per sq.ft (2024)
• The Ark Avenue: Rs 770 per sq.ft (2024)
• Sri Narasimha Nagar: Rs 770 per sq.ft (2024)
• Sri Chethan Avenue: Rs 800 per sq.ft (2024)
• Shaloom Avenue: Rs 770 per sq.ft (2024)
• Mid Town Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Uptown Park

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Uptown Park?

The Sub Registrar Office covering Uptown Park is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agraharam Male. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered alongside the sale price to calculate the applicable duties. This ensures that the fees reflect the property's value as determined by the government guidelines.

Frequently asked questions

What is the current guideline value of Uptown Park?

The current guideline value of Uptown Park is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Uptown Park?

Uptown Park is classified as Residential Class I Type - I under the Poonamallee SRO.

Where can I find the registration office for Uptown Park?

The registration office for Uptown Park is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for property in Uptown Park?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,70,000, leading to a stamp duty of Rs 53,900.