Guideline Value for Umaiyalpuram 4th Street(Avvai Street)

Umaiyalpuram 4th Street(Avvai Street) guideline value

The current guideline value of Umaiyalpuram 4th Street (Avvai Street) is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Umaiyalpuram 4th Street(Avvai Street) has changed

The guideline value for Umaiyalpuram 4th Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,742 per sq.ft. This figure increased to Rs 2,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 2,860 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise reflects the changes in the area over the years, culminating in the current valuation.

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 among these streets is Rs 2,420 per sq.ft, positioning Umaiyalpuram 4th Street's 2024 figure above this median.

• Umaiyalpuram 3rd Street: Rs 2,860 per sq.ft (2024)
• Umaiyalpuram 5th Street: Rs 2,860 per sq.ft (2024)
• Umaiyalpuram 2nd 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 4th Street(Avvai Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty charged at 7% would amount to Rs 2,00,200, while the registration fee at 2% would be Rs 57,200. Together, the total cost for these fees would be Rs 2,57,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Umaiyalpuram 4th Street(Avvai Street)?

The Umaiyalpuram 4th Street (Avvai Street) falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 in the registration process of property transactions in Thiruneermalai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the financial obligations during the registration process. Proper understanding of these values can help in making informed decisions when engaging in real estate transactions.

Frequently asked questions

What is the current guideline value of Umaiyalpuram 4th Street?

The current guideline value of Umaiyalpuram 4th Street (Avvai Street) is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

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

What was the guideline value in 2023?

The guideline value for Umaiyalpuram 4th Street in 2023 was Rs 2,600 per sq.ft, which was a 49% increase from the 2017 figure.

Which other streets have the same guideline value as Umaiyalpuram 4th Street?

Other streets in Thiruneermalai that share the same guideline value of Rs 2,860 per sq.ft in 2024 include Umaiyalpuram 3rd Street, Umaiyalpuram 5th Street, Umaiyalpuram 2nd Street, Umaiyalpuram 1st Street, and Uamayalpuram 5th Main Road.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.