Guideline Value for Uppu kollai street

Uppu kollai street guideline value

The current guideline value of Uppu kollai street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village under the Poonamallee SRO, classified as Residential Class I Type - I.

How the guideline value of Uppu kollai street has changed

The guideline value has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it increased to Rs 2,740 per sq.ft in 2024, a rise of 10%. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 585%, indicating a substantial increase over this period.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, placing Uppu kollai street's 2024 figure above this median.

• Uppukolliastreet: Rs 4,950 per sq.ft (2024)
• Vaaniyaar street (west): Rs 2,200 per sq.ft (2024)
• Vaidthee avenue: Rs 2,200 per sq.ft (2024)
• Vaidthee Nagar: Rs 2,200 per sq.ft (2024)
• Udayar street (sippai line): Rs 2,200 per sq.ft (2024)
• Udayar street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Uppu kollai street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total fees to Rs 2,46,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Uppu kollai street?

The Sub Registrar Office that covers Uppu kollai street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration of property transactions in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Uppu kollai street?

The current guideline value of Uppu kollai street is Rs 2,740 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 400 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Poonthamallee?

The median guideline value for Poonthamallee village is Rs 2,200 per sq.ft, which is lower than the current value of Uppu kollai street.

What are the stamp duty rates for properties in Uppu kollai street?

The stamp duty rate for properties in Uppu kollai street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Uppu kollai street?

The Sub Registrar Office for Uppu kollai street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.