Guideline Value for ANGALAMMAN KOIL STREET

Angalamman Koil Street guideline value

The current guideline value of Angalamman Koil Street is Rs 400 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 II Type - I.

How the guideline value of Angalamman Koil Street has changed

Over the years, the guideline value of Angalamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision marked a significant increase to Rs 268 per sq.ft, reflecting a 49% rise from the previous revision. However, the register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, the overall change has been 0%. The latest revision in 2024 maintains the value at Rs 400 per sq.ft, showing no change from the previous year.

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. Angalamman Koil Street's 2024 guideline value is below this median.

• Annai Anjugam Nagar: Rs 500 per sq.ft (2024)
• Annai Anjugam Nagar Cross Street: Rs 500 per sq.ft (2024)
• Ambedkarnagar New Colony Main Street: Rs 200 per sq.ft (2024)
• AMBEDKARNAGAR NEW COLONY 2nd LANE CROSS STREET: Rs 200 per sq.ft (2024)
• AMBEDKARNAGAR NEW COLONY 2nd LANE: Rs 200 per sq.ft (2024)
• AMBEDKARNAGAR NEW COLONY 1st LANE: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Angalamman Koil Street?

Angalamman Koil Street 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 details.

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, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as per the guideline set by the Registration Department.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street?

The current guideline value of Angalamman Koil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 400 per sq.ft in 2012, remained the same in 2023, and is again Rs 400 per sq.ft in 2024. The 2017 revision saw a change to Rs 268 per sq.ft, marking a 49% increase from the previous revision.

What is the stamp duty for property in Angalamman Koil Street?

The stamp duty for property in Angalamman Koil Street is calculated at 7% of the guideline value. For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Where is the Sub Registrar Office for Angalamman Koil Street located?

The Sub Registrar Office covering Angalamman Koil Street is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

What is the land classification for Angalamman Koil Street?

The land classification for Angalamman Koil Street is Residential Class II Type - I, which indicates the type of residential development permitted in this area.