Guideline Value for Umaiyalpuram 2nd Street

Umaiyalpuram 2nd Street guideline value

The current guideline value of Umaiyalpuram 2nd Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO, classified as Commercial Class I Type - I.

How the guideline value of Umaiyalpuram 2nd Street has changed

The guideline value for Umaiyalpuram 2nd Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the value by 10% to Rs 2,860 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, placing Umaiyalpuram 2nd Street's 2024 figure above the median.

• Umaiyalpuram 3rd Street: Rs 2,860 per sq.ft (2024)
• Umaiyalpuram 4th Street(Avvai Street): Rs 2,860 per sq.ft (2024)
• Umaiyalpuram 5th Street: Rs 2,860 per sq.ft (2024)
• Umaiyalpuram 1st Street: Rs 2,860 per sq.ft (2024)
• Ueiyali Amman Koil Street: Rs 1,320 per sq.ft (2024)
• Uamayalpuram 5th Main Road: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Umaiyalpuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, making the total cost for these fees Rs 2,57,400. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Umaiyalpuram 2nd Street?

The Umaiyalpuram 2nd Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thiruneermalai. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official registers.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Umaiyalpuram 2nd Street?

The current guideline value of Umaiyalpuram 2nd Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which Sub Registrar Office handles registrations for Umaiyalpuram 2nd Street?

The Pammal Sub Registrar Office handles registrations for Umaiyalpuram 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the range of guideline values for streets in Thiruneermalai?

The guideline values for streets in Thiruneermalai range from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft.