Guideline Value for Uppukulam Sri Siddhi Vinayagar Nagar

Uppukulam Sri Siddhi Vinayagar Nagar guideline value

The current guideline value of Uppukulam Sri Siddhi Vinayagar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - II.

How the guideline value of Uppukulam Sri Siddhi Vinayagar Nagar has changed

The guideline value for Uppukulam Sri Siddhi Vinayagar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. In 2023, the value was raised to Rs 1,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Uppukulam Sri Siddhi Vinayagar Nagar's 2024 figure below the median.

• Uppukulama Street: Rs 1,100 per sq.ft (2024)
• Uppukulam Sri Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Uppukulam: Rs 800 per sq.ft (2024)
• Vaikumdapuram Street: Rs 2,750 per sq.ft (2024)
• Vallal Pachaiyappan Santhu: Rs 3,300 per sq.ft (2024)
• Vallal Pachaiyappan Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Uppukulam Sri Siddhi Vinayagar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that 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 Uppukulam Sri Siddhi Vinayagar Nagar?

The Sub Registrar Office that covers Uppukulam Sri Siddhi Vinayagar Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a critical factor in property transactions within the 2nd Division. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Uppukulam Sri Siddhi Vinayagar Nagar?

The current guideline value for Uppukulam Sri Siddhi Vinayagar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the median guideline value for streets in 2nd Division?

The median guideline value for the streets in 2nd Division is Rs 1,650 per sq.ft. The guideline value for Uppukulam Sri Siddhi Vinayagar Nagar is below this median.

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

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, on a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Which Sub Registrar Office handles registrations for this area?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Uppukulam Sri Siddhi Vinayagar Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.