Guideline Value for Upparpalayam Anna Street

Upparpalayam Anna Street guideline value

The current guideline value of Upparpalayam Anna Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Upparpalayam Anna Street has changed

The guideline value for Upparpalayam Anna Street has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and most recently, it has been revised to Rs 5,000 per sq.ft in 2024, an increase of 11%.

The register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 233%.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, which means the 2024 guideline value for Upparpalayam Anna Street is below that median.

• Valliyammai Achi Road: Rs 11,000 per sq.ft (2024)
• Thulukkanathamman Koil Street: Rs 5,000 per sq.ft (2024)
• Thiruvengadam Street: Rs 8,800 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 5,000 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 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Upparpalayam Anna Street?

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

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

The guideline value is a crucial factor when it comes to property transactions in Kottur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. It helps in assessing the value of the property for taxation purposes and ensures that the sale price is in line with the prevailing market standards.

Frequently asked questions

What is the current guideline value of Upparpalayam Anna Street?

The current guideline value of Upparpalayam Anna Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,500 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 233%.

What is the median guideline value for streets in Kottur?

The median guideline value for streets in Kottur is Rs 6,100 per sq.ft, which is higher than the current guideline value of Upparpalayam Anna Street.

What fees are associated with buying property in Upparpalayam Anna Street?

When buying property in Upparpalayam Anna Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Upparpalayam Anna Street?

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