Guideline Value for Upparapalayam Streets

Upparapalayam Streets guideline value

The current guideline value of Upparapalayam Streets is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is located in Satthankadu village, under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Upparapalayam Streets has changed

The guideline value for Upparapalayam Streets has seen significant changes over the years. In 2002, the value was Rs 329 per sq.ft, which increased to Rs 381 per sq.ft in 2003, marking a 16% rise. By 2007, the value surged to Rs 600 per sq.ft, reflecting a 57% increase from the previous revision. The value then rose dramatically to Rs 3,100 per sq.ft in 2012, showing a remarkable 417% increase. However, from 2012 to 2017, the value decreased to Rs 2,077 per sq.ft, a decline of 33%. The value then increased significantly to Rs 3,100 per sq.ft in 2023, before reaching the current rate of Rs 3,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 933%. There are no figures available for any other years in the register for this street.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is the same as the current guideline value for Upparapalayam Streets.

• Udayasooriyan Street: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Link Road: Rs 3,400 per sq.ft (2024)
• Vanniyar Street: Rs 2,800 per sq.ft (2024)
• Varadharajan street: Rs 2,800 per sq.ft (2024)
• Vasantha Nagar: Rs 3,900 per sq.ft (2024)
• Thulasiram Nagar: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Upparapalayam Streets

For a 1,000 sq.ft plot at the current rate of Rs 3,400 per sq.ft, the guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. It is important to note that the 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 Upparapalayam Streets?

The Upparapalayam Streets fall under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Satthankadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to understand the financial implications of any property transaction.

Frequently asked questions

What is the current guideline value of Upparapalayam Streets?

The current guideline value of Upparapalayam Streets is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 329 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, representing an overall increase of 933% over the years.

What is the land classification for Upparapalayam Streets?

The land classification for Upparapalayam Streets is Residential Special Type - III.

What are the stamp duty and registration fees for property in Upparapalayam Streets?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where is the Sub Registrar Office for Upparapalayam Streets located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.