Guideline Value for Uppukulama Street

Uppukulama Street guideline value

The current guideline value of Uppukulama Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - II.

How the guideline value of Uppukulama Street has changed

Historically, the guideline value for Uppukulama Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO that carry 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, indicating that Uppukulama Street's 2024 figure is below this median.

• Uppukulam: Rs 800 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 Uppukulama Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, making the total cost Rs 99,000. 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 details.

Which Sub Registrar Office covers Uppukulama Street?

The Kanchipuram Joint IV Sub Registrar Office covers Uppukulama Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process for property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Uppukulama Street?

The current guideline value of Uppukulama Street 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 several times, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the classification of Uppukulama Street?

Uppukulama Street is classified as Residential Class II Type - II under the Kanchipuram Joint IV SRO.

Where can I find the Sub Registrar Office for Uppukulama Street?

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

How is the stamp duty calculated for properties in Uppukulama Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.