Guideline Value for Uppukulam Sri Venkateswara Nagar

Uppukulam Sri Venkateswara Nagar guideline value

The current guideline value for Uppukulam Sri Venkateswara Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I and falls under the Kanchipuram Joint IV SRO.

How the guideline value of Uppukulam Sri Venkateswara Nagar has changed

The guideline value for Uppukulam Sri Venkateswara Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, this figure dropped to Rs 469 per sq.ft in 2017. The subsequent 2023 revision raised the value to Rs 700 per sq.ft, and the latest revision in 2024 has increased it further to Rs 800 per sq.ft.

In terms of percentage changes, the guideline value rose by 133% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 is 14%. Overall, from 2007 to 2024, the guideline value has increased by 167%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in 2nd Division

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

• Uppukulam Sri Siddhi Vinayagar Nagar: Rs 1,100 per sq.ft (2024)
• Uppukulama Street: Rs 1,100 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 Venkateswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 Uppukulam Sri Venkateswara Nagar?

The Sub Registrar Office that covers Uppukulam Sri Venkateswara Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions within the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the correct amount is paid according to the prevailing rates.

When buying or selling property, it is essential to consider the guideline value as it reflects the official valuation set by the authorities. This value helps maintain transparency and consistency in property transactions, making it easier for both parties to understand their financial obligations.

Frequently asked questions

What is the current guideline value for Uppukulam Sri Venkateswara Nagar?

The current guideline value for Uppukulam Sri Venkateswara Nagar is Rs 800 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 300 per sq.ft in 2007, reaching Rs 700 per sq.ft in 2012, dropping to Rs 469 per sq.ft in 2017, and then increasing to Rs 700 per sq.ft in 2023 before reaching Rs 800 per sq.ft in 2024.

What is the land classification for Uppukulam Sri Venkateswara Nagar?

Uppukulam Sri Venkateswara Nagar is classified as Residential Class V Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office is responsible for this area?

The Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone, is responsible for Uppukulam Sri Venkateswara Nagar.