Guideline Value for Umaiyalpuram Extn

Umaiyalpuram Extn guideline value

The current guideline value of Umaiyalpuram Extn is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Umaiyal Parancheri village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Umaiyalpuram Extn has changed

Looking at the historical revisions, the guideline value for Umaiyalpuram Extn has seen several changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. This was a decrease of 33%. However, the value increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

Notably, there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Umaiyal Parancheri

In Umaiyal Parancheri, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 500 per sq.ft. The median value is Rs 200 per sq.ft, which aligns with the guideline value of Umaiyalpuram Extn.

• Umaiyalpuram: Rs 250 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• Rattinamkinaru Street: Rs 175 per sq.ft (2024)
• Pillayar Kovil Street: Rs 175 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• Park City: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Umaiyalpuram Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 Umaiyalpuram Extn?

The Sub Registrar Office that covers Umaiyalpuram Extn is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Umaiyal Parancheri. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value is often referenced to establish a baseline for the sale price. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Umaiyalpuram Extn?

The current guideline value of Umaiyalpuram Extn is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, there has been no change.

What is the land classification for Umaiyalpuram Extn?

Umaiyalpuram Extn is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Umaiyalpuram Extn?

The Sub Registrar Office for Umaiyalpuram Extn is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Umaiyalpuram Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft incurs a stamp duty of Rs 14,000.