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Guideline Value

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Guideline Value for AMBEDKARNAGAR NEW COLONY 1st LANE

₹200/sq.ft.

The guideline value for Ambedkarnagar New Colony 1st Lane 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 New Colony 1st Lane

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AMBEDKARNAGAR NEW COLONY 1st LANE guideline value

The current guideline value for AMBEDKARNAGAR NEW COLONY 1st LANE is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the Oothukkottai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of AMBEDKARNAGAR NEW COLONY 1st LANE has changed

The guideline value for AMBEDKARNAGAR NEW COLONY 1st LANE has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which increased to Rs 67 per sq.ft in 2017. Following this, the value remained unchanged at Rs 200 per sq.ft during the 2023 revision and continues at the same rate in the 2024 revision, reflecting a 199% increase from 2017 to 2023.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 100%. The revisions from 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Uthukottai

Uthukottai has a total of 120 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for AMBEDKARNAGAR NEW COLONY 1st LANE is below this median.

Stamp duty and registration fee for property in AMBEDKARNAGAR NEW COLONY 1st LANE

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. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers AMBEDKARNAGAR NEW COLONY 1st LANE?

The AMBEDKARNAGAR NEW COLONY 1st LANE is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Uthukottai, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is essential for both buyers and sellers to understand the financial implications of the registration process.

The guideline value serves as a benchmark for property transactions, ensuring that the government collects the appropriate taxes based on the value of the property being registered. It is crucial for buyers to be aware of this value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for AMBEDKARNAGAR NEW COLONY 1st LANE?

The current guideline value for AMBEDKARNAGAR NEW COLONY 1st LANE is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 100 per sq.ft to Rs 200 per sq.ft in 2024. The most significant change occurred between 2017 and 2023, where the value rose by 199%.

Which office handles registrations for AMBEDKARNAGAR NEW COLONY 1st LANE?

The Oothukkottai Sub Registrar Office handles registrations for AMBEDKARNAGAR NEW COLONY 1st LANE, located near the government hospital in Uthukottai.

What are the stamp duty rates for property in Uthukottai?

The stamp duty rate for property transactions in Uthukottai is typically 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

How do I calculate the total fees for property registration?

To calculate the total fees for property registration, you need to determine the guideline value, then apply the stamp duty and registration fees. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would amount to Rs 18,000.