Guideline Value for Umaiyalpuram ist Street

Umaiyalpuram ist Street guideline value

The current guideline value of Umaiyalpuram ist 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 ist Street has changed

The guideline value for Umaiyalpuram ist Street has seen significant changes over the years. The oldest available revision is from 2017, where the value was Rs 1,742 per sq.ft. This increased to Rs 2,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 2,860 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 is Rs 2,420 per sq.ft, placing Umaiyalpuram ist Street above this median.

• Umaiyalpuram 5th Street: Rs 2,860 per sq.ft (2024)
• 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)
• 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 ist 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 charges Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Umaiyalpuram ist Street?

The Sub Registrar Office that covers Umaiyalpuram ist 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 details.

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

The guideline value is a crucial factor when registering property in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the necessary fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to understand these values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Umaiyalpuram ist Street?

The current guideline value of Umaiyalpuram ist 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, representing a 64% increase overall. The most recent change was a 10% increase from the 2023 revision of Rs 2,600 per sq.ft.

Where can I find the registration office for Umaiyalpuram ist Street?

The registration office for Umaiyalpuram ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the stamp duty for a property on Umaiyalpuram ist Street?

The stamp duty for a property valued at Rs 28,60,000 is calculated at 7%, amounting to Rs 2,00,200. Additionally, the registration fee at 2% is Rs 57,200.

Are there other streets with the same guideline value in Thiruneermalai?

Yes, there are several other streets in Thiruneermalai that share the same guideline value of Rs 2,860 per sq.ft, including Umaiyalpuram 5th Street, Umaiyalpuram 4th Street (Avvai Street), Umaiyalpuram 3rd Street, Umaiyalpuram 2nd Street, and Uamayalpuram 5th Main Road.