The launch of the very high resolution (VHR) sensor satellites has paved the way for further exploitation of the capabilities of stereo satellite imagery for many applications and most importantly in the extraction of topographical details. Advances in digital technologies in the photogrammetric technique provide more accurate and up to date topographic representation, while traditional methods of topographic mapping are time-consuming and require large technical support. This paper explores the methods of production and an analysis of the capabilities of the high-resolution stereo imaging system for the extraction of features (topographic map) and generation of digital elevation model (DEM). This study uses high-resolution GeoEye-1 stereo pair images. For qualitative assessment, topographic features were extracted by digitizing the georeferenced stereo pair images and overlapped to form a DEM and orthophoto within the Summit Evolution software. Georeferencing was carried out using the existing Ground Control Points (GCPs) and Check Points (CPs) established using Real-Time Kinematic Global Navigation Satellite System (RTK-GNSS) technique. For quantitative assessment, a total of 7 existing GCPs were considered suitable for use and 5 CPs were established as a check for accuracy of the output. The accuracy of the CPs was evaluated by computing Root Mean Square Error (RMSE). The average horizontal RMSE for the left image and right image were 1.17150098m and 0.819334672m respectively and the average vertical RMSE was 1.605898565m. Additionally, the standard deviation for elevation data from generated DEM using photogrammetric technique and existing elevation data of RTK-GNSS technique were computed, which resulted in 15.91286667 and 16.59529228 respectively. The accuracy was evaluated by comparing the results of the data extracted using stereo satellite images and those extracted from ground measurement techniques (Total station and RTK-GNSS). The comparative analysis showed that stereo pair images provide a viable alternative to other ground mapping techniques providing results within the acceptable range. Based on error estimation and analysis, it concludes that, if strict photogrammetric processing model and ground control points are employed, high-resolution satellite imagery can be used for the accurate generation and update of the topographic maps, DEM and digital orthophotos, which can be further be used as a reference for comparative analysis applications.