Guideline Value for Uppukulam

Uppukulam guideline value

The current guideline value of Uppukulam, located in the 2nd Division village under the Kanchipuram Joint IV SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I.

How the guideline value of Uppukulam has changed

The guideline value of Uppukulam has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased to Rs 700 per sq.ft in the 2023 revision, and currently, it stands at Rs 800 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 14% from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017, and overall, from 2012 to 2024, there has been a 14% increase in the guideline value.

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, with a median value of Rs 1,650 per sq.ft. The guideline value of Uppukulam is below this median.

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

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 be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Uppukulam?

The Sub Registrar Office that covers Uppukulam 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 crucial factor during the registration process of property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on an official valuation.

When a property is sold or purchased, the guideline value is assessed, and the applicable fees are calculated accordingly. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Uppukulam?

The current guideline value of Uppukulam 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 from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and currently stands at Rs 800 per sq.ft in 2024.

What is the land classification of Uppukulam?

Uppukulam is classified as Residential Class V Type - I.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 72,000.

Which Sub Registrar Office covers Uppukulam?

The Kanchipuram Joint IV Sub Registrar Office covers Uppukulam, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.