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Guideline Value

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Guideline Value for AMBEDKARNAGAR GANDHI MAIN 2st STREET

₹200/sq.ft.

The guideline value for Ambedkarnagar Gandhi Main 2st Street in Uthukottai village (Oothukkottai SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthukottai

Village

Oothukkottai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Near-government Hospital Uthukottai. 602026
044-27631361
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ambedkarnagar Gandhi Main 2st Street

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AMBEDKARNAGAR GANDHI MAIN 2st STREET guideline value

The current guideline value for AMBEDKARNAGAR GANDHI MAIN 2st STREET is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the jurisdiction of the Oothukkottai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of AMBEDKARNAGAR GANDHI MAIN 2st STREET has changed

The guideline value for AMBEDKARNAGAR GANDHI MAIN 2st STREET has seen several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. In the 2012 revision, the guideline value was set at Rs 100 per sq.ft, which increased to Rs 67 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, reflecting a rise of 199%. The guideline value remained unchanged at Rs 200 per sq.ft from 2023 to the current 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 100%. The current rate of Rs 200 per sq.ft is consistent with the previous revision in 2023, indicating stability in the valuation for this street.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, which means that the current value for AMBEDKARNAGAR GANDHI MAIN 2st STREET is below the median.

Stamp duty and registration fee for property in AMBEDKARNAGAR GANDHI MAIN 2st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more accurate calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AMBEDKARNAGAR GANDHI MAIN 2st STREET?

The AMBEDKARNAGAR GANDHI MAIN 2st STREET falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Uthukottai

The guideline value is a crucial factor in property transactions in Uthukottai. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value as it influences the overall cost of the transaction.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is in compliance with the legal requirements set by the government, protecting both the buyer and seller during the property transfer process.

Frequently asked questions

What is the current guideline value for AMBEDKARNAGAR GANDHI MAIN 2st STREET?

The current guideline value for AMBEDKARNAGAR GANDHI MAIN 2st STREET is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 200 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for AMBEDKARNAGAR GANDHI MAIN 2st STREET?

The land classification for AMBEDKARNAGAR GANDHI MAIN 2st STREET is Residential Class IV Type - I.

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

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value of Rs 200 per sq.ft.

Where can I find the Sub Registrar Office for this street?

The Oothukkottai Sub Registrar Office covers AMBEDKARNAGAR GANDHI MAIN 2st STREET, located near the government hospital in Uthukottai, Chennai 602026.