Guideline Value for Upparpalayam Anna Street

Upparpalayam Anna Street guideline value

The current guideline value of Upparpalayam Anna Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Adayar village under the Adayar Sub Registrar Office (SRO), classified as Residential Class IV Type - I.

How the guideline value of Upparpalayam Anna Street has changed

The guideline value for Upparpalayam Anna Street has undergone several revisions over the years. In 2012, the value was set at Rs 5,000 per sq.ft, which decreased to Rs 3,350 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,000 per sq.ft in 2023, and most recently, it has risen to Rs 5,500 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw an increase of 49%. Overall, comparing the 2012 value to the 2024 value, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adayar

Adayar village features 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft as of 2024. The median guideline value in this area is Rs 6,100 per sq.ft, placing the 2024 guideline value of Upparpalayam Anna Street below that median.

• Valliammai Achi Road (Kotturpuram): Rs 11,000 per sq.ft (2024)
• Varathapuram 1st Street: Rs 6,600 per sq.ft (2024)
• Varathapuram 2nd Street: Rs 6,600 per sq.ft (2024)
• Varathapuram Thideer Nagar: Rs 5,500 per sq.ft (2024)
• Thulukkanathamman Kovil Street: Rs 6,600 per sq.ft (2024)
• Thiru.Vi.Ka. Industrial Estate: Rs 7,200 per sq.ft (2024)

Stamp duty and registration fee for property in Upparpalayam Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that 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 Upparpalayam Anna Street?

The Sub Registrar Office that covers Upparpalayam Anna Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Adayar, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Upparpalayam Anna Street?

The current guideline value of Upparpalayam Anna Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 in 2023 and finally to Rs 5,500 in 2024.

What is the land classification of Upparpalayam Anna Street?

Upparpalayam Anna Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Upparpalayam Anna Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Adayar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at a rate of 7%.