Guideline Value for Umaiyalpuram 5th Street

Umaiyalpuram 5th Street guideline value

The current guideline value of Umaiyalpuram 5th Street is Rs 2,860 per sq.ft. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Umaiyalpuram 5th Street has changed

The guideline value for Umaiyalpuram 5th Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in the 2023 revision. The most recent revision in 2024 has further raised the guideline value to Rs 2,860 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not established during those revisions.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing Umaiyalpuram 5th Street's current value above this median.

• Umaiyalpuram 4th Street(Avvai Street): Rs 2,860 per sq.ft (2024)
• Umaiyalpuram 3rd 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 5th 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 at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, resulting in a total cost of Rs 2,57,400. Please 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 detailed calculations.

Which Sub Registrar Office covers Umaiyalpuram 5th Street?

The Sub Registrar Office that covers Umaiyalpuram 5th Street is 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 is an important factor during the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the stamp duty, ensuring that the fees are based on a standardized valuation. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Umaiyalpuram 5th Street?

The current guideline value of Umaiyalpuram 5th Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification of Umaiyalpuram 5th Street?

Umaiyalpuram 5th Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,00,200.

Which office handles the registration of properties in Umaiyalpuram 5th Street?

The registration of properties in Umaiyalpuram 5th Street is handled by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.