Guideline Value for AYYANAR NAGAR MAIN STREET

Ayyanar Nagar Main Street guideline value

The current guideline value of Ayyanar Nagar Main Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Ayyanar Nagar Main Street has changed

The guideline value for Ayyanar Nagar Main Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2024 revision. In the 2017 revision, the value was Rs 335 per sq.ft, showing a decrease of 33% from the 2012 figure. From 2017 to 2023, the value increased by 49%, returning to Rs 500 per sq.ft in 2023, which was maintained in the 2024 revision, resulting in no change from 2023 to 2024.

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

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft. The median value is Rs 500 per sq.ft, making Ayyanar Nagar Main Street's 2024 figure equal to this median.

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

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 charged 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 and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ayyanar Nagar Main Street?

The Ayyanar Nagar Main Street falls under the jurisdiction of the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Uthukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ayyanar Nagar Main Street?

The current guideline value of Ayyanar Nagar Main Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing no change from 2023 to 2024. The value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017.

What is the land classification for Ayyanar Nagar Main Street?

Ayyanar Nagar Main Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in Ayyanar Nagar Main Street?

The stamp duty rate for properties in Ayyanar Nagar Main Street is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, with the postal code 602026 in the Chennai registration zone.