Guideline Value for AYYANAR NAGAR 1st LANE

AYYANAR NAGAR 1st LANE guideline value

The current guideline value of AYYANAR NAGAR 1st LANE is Rs 500 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 I Type - I.

How the guideline value of AYYANAR NAGAR 1st LANE has changed

The guideline value for AYYANAR NAGAR 1st LANE has undergone several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it was adjusted to Rs 335 per sq.ft. The value then increased significantly to Rs 500 per sq.ft in 2023, maintaining the same value in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has shown no change, remaining at Rs 500 per sq.ft.

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. AYYANAR NAGAR 1st LANE's guideline value aligns with this median.

• AYYANAR NAGAR 1st CROSS STREET: Rs 500 per sq.ft (2024)
• AYYANAR NAGAR 2nd CROSS STREET: Rs 500 per sq.ft (2024)
• AYYANAR NAGAR 2nd LANE: Rs 500 per sq.ft (2024)
• AYYANAR NAGAR 3rd CROSS STREET: Rs 500 per sq.ft (2024)
• Ayyanar Nagar Main Street: Rs 500 per sq.ft (2024)
• ANNA NAGAR MAIN 2nd STREET: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in AYYANAR NAGAR 1st LANE

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers AYYANAR NAGAR 1st LANE?

The AYYANAR NAGAR 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 details.

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

The guideline value is a crucial factor when registering property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the necessary fees, ensuring compliance with local regulations. This value is essential for both parties to understand the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of AYYANAR NAGAR 1st LANE?

The current guideline value of AYYANAR NAGAR 1st LANE is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in 2012, 2023, and 2024, while it was Rs 335 per sq.ft in 2017. The value increased by 49% from 2017 to 2023.

What is the land classification of AYYANAR NAGAR 1st LANE?

AYYANAR NAGAR 1st LANE is classified as Residential Class I Type - I.

Which Sub Registrar Office should I contact for AYYANAR NAGAR 1st LANE?

The Oothukkottai Sub Registrar Office covers AYYANAR NAGAR 1st LANE, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated for properties in AYYANAR NAGAR 1st LANE?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the stamp duty would be Rs 35,000.