Guideline Value for Umaiyalpuram

Umaiyalpuram guideline value

The current guideline value of Umaiyalpuram is Rs 250 per sq.ft, effective from 1 July 2024. This village falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Umaiyalpuram has changed

The guideline value for Umaiyalpuram has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a decrease to Rs 167 per sq.ft, a 33% drop from the previous figure. The guideline value has not changed from 2012 to 2024, maintaining the rate at Rs 250 per sq.ft.

From 2017 to 2023, the guideline value increased by 50%, bringing it back to Rs 250 per sq.ft. The latest revision in 2024 has kept the value steady at Rs 250 per sq.ft, showing no percentage change from the previous year.

Guideline values in Umaiyal Parancheri

In Umaiyal Parancheri, there are 18 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, positioning Umaiyalpuram's 2024 figure above this median.

• Umaiyalpuram Extn: Rs 200 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

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It's important to note that 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?

The Sub Registrar Office that covers Umaiyalpuram is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Umaiyal Parancheri. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value is referenced to ensure that the transaction complies with local regulations and to calculate the associated costs accurately. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Umaiyalpuram?

The current guideline value of Umaiyalpuram is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017 and a subsequent return to Rs 250 per sq.ft in 2023.

What is the land classification for Umaiyalpuram?

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

Where can I find the Sub Registrar Office for Umaiyalpuram?

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

How is the stamp duty calculated for properties in Umaiyalpuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 250 per sq.ft incurs a stamp duty of Rs 17,500.