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Guideline Value

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Guideline Value for AMBEDKARNAGAR NEW COLONY 2nd LANE

₹200/sq.ft.

The guideline value for Ambedkarnagar New Colony 2nd 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 2nd Lane

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AMBEDKARNAGAR NEW COLONY 2nd LANE guideline value

The current guideline value of AMBEDKARNAGAR NEW COLONY 2nd LANE is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of AMBEDKARNAGAR NEW COLONY 2nd LANE has changed

The guideline value for AMBEDKARNAGAR NEW COLONY 2nd LANE has seen several revisions over the years. From the 2012 revision, which set the value at Rs 100 per sq.ft, it increased to Rs 67 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a change of 199%. The 2023 revision maintained the value at Rs 200 per sq.ft, and this remains unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 100%.

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, with a median value of Rs 500 per sq.ft. AMBEDKARNAGAR NEW COLONY 2nd LANE's 2024 figure is below this median.

Stamp duty and registration fee for property in AMBEDKARNAGAR NEW COLONY 2nd 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, making the total cost for these fees Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers AMBEDKARNAGAR NEW COLONY 2nd LANE?

The Sub Registrar Office that covers AMBEDKARNAGAR NEW COLONY 2nd LANE is 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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthukottai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of AMBEDKARNAGAR NEW COLONY 2nd LANE?

The current guideline value of AMBEDKARNAGAR NEW COLONY 2nd LANE 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.

What is the land classification of AMBEDKARNAGAR NEW COLONY 2nd LANE?

The land classification for AMBEDKARNAGAR NEW COLONY 2nd LANE is Residential Class IV Type - I.

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

The Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, covers AMBEDKARNAGAR NEW COLONY 2nd LANE.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,000 incurs a stamp duty of Rs 14,000 at 7%.