Guideline Value for Uppukara Street (16 Ward)

Uppukara Street (16 Ward) guideline value

The current guideline value of Uppukara Street (16 Ward) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO with a land classification of Residential Class V Type - II.

How the guideline value of Uppukara Street (16 Ward) has changed

Over the years, the guideline value for Uppukara Street has undergone several revisions. The 2012 revision set the value at Rs 1,300 per sq.ft, which then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 1,300 per sq.ft in the 2023 revision, and then to Rs 1,400 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The 2023 to 2024 revision reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%, indicating fluctuations in the value over the years.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Uppukara Street's current value below this median.

• Usen Street: Rs 1,600 per sq.ft (2024)
• Vadivel muthali Street: Rs 4,600 per sq.ft (2024)
• T.P.O. Street: Rs 4,000 per sq.ft (2024)
• Vanagaram Road: Rs 6,600 per sq.ft (2024)
• Township Street: Rs 4,000 per sq.ft (2024)
• TNHB SriRam Flats (S.No.481/1, 2): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Uppukara Street (16 Ward)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty is calculated at 7%, which equals Rs 98,000, and the registration fee is 2%, amounting to Rs 28,000. Therefore, the total fees together would be Rs 1,26,000. 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 detailed calculations.

Which Sub Registrar Office covers Uppukara Street (16 Ward)?

The Sub Registrar Office covering Uppukara Street (16 Ward) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Uppukara Street (16 Ward)?

The current guideline value of Uppukara Street (16 Ward) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,300 per sq.ft in 2012, decreasing to Rs 871 per sq.ft in 2017, and then increasing to Rs 1,300 per sq.ft in 2023, and finally reaching Rs 1,400 per sq.ft in 2024.

What is the land classification for Uppukara Street (16 Ward)?

Uppukara Street (16 Ward) is classified as Residential Class V Type - II, indicating its suitability for residential developments.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, on a 1,000 sq.ft plot at Rs 1,400 per sq.ft, the total fees would amount to Rs 1,26,000.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.