Guideline Value for AYYANAR NAGAR 3rd CROSS STREET

AYYANAR NAGAR 3rd CROSS STREET guideline value

The current guideline value of AYYANAR NAGAR 3rd CROSS STREET is Rs 500 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 I Type - I.

How the guideline value of AYYANAR NAGAR 3rd CROSS STREET has changed

Over the years, the guideline value for AYYANAR NAGAR 3rd CROSS STREET has seen a few revisions. The earliest recorded revision was in 2012, where the value was Rs 500 per sq.ft. In 2017, it dropped to Rs 335 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft in 2023. The current revision for 2024 maintains this value at Rs 500 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged 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 3rd CROSS STREET's 2024 value aligns perfectly with this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 45,000. 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 details.

Which Sub Registrar Office covers AYYANAR NAGAR 3rd CROSS STREET?

The AYYANAR NAGAR 3rd CROSS 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 information.

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 the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

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 the appropriate revenue from property transactions, reflecting the value of the property being exchanged.

Frequently asked questions

What is the current guideline value of AYYANAR NAGAR 3rd CROSS STREET?

The current guideline value of AYYANAR NAGAR 3rd CROSS STREET is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, including a drop to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles registrations for AYYANAR NAGAR 3rd CROSS STREET?

The Oothukkottai Sub Registrar Office handles registrations for AYYANAR NAGAR 3rd CROSS STREET, located near the government hospital in Uthukottai.

What is the land classification for AYYANAR NAGAR 3rd CROSS STREET?

The land classification for AYYANAR NAGAR 3rd CROSS STREET is Residential Class I Type - I, indicating its suitability for residential purposes.