Guideline Value for CHAVADI STREET

Chavadi Street guideline value

The current guideline value of Chavadi Street in Uthukottai village, under the Oothukkottai SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Chavadi Street has changed

The guideline value for Chavadi Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value returned to Rs 500 per sq.ft. The most recent revision in 2024 maintained this value at Rs 500 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for Chavadi Street in the revisions for the years 2002, 2003, and 2007. 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 have a guideline value for 2024, ranging from Rs 200 to Rs 1,000 per sq.ft. The median guideline value is Rs 500 per sq.ft, which is equal to the current guideline value of Chavadi Street.

• Chelliamman Koil Road: Rs 500 per sq.ft (2024)
• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Chenjulakshmi Nagar Street: Rs 500 per sq.ft (2024)
• CHETTIAR BURIALGROUND BACKSIDE 1st STREET: Rs 300 per sq.ft (2024)
• CHETTIAR BURIALGROUND BACKSIDE 2nd STREET: Rs 300 per sq.ft (2024)
• Chettiar Burialground Road: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chavadi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to 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 calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chavadi Street?

The Sub Registrar Office that covers Chavadi Street 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 plays a crucial role during property transactions in Uthukottai. When you buy or sell property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Proper understanding of this value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Chavadi Street?

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

How has the guideline value changed over the years?

The guideline value for Chavadi Street has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, and returning to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Chavadi Street?

Chavadi Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Oothukkottai Sub Registrar Office?

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

How do stamp duty and registration fees work in Uthukottai?

Stamp duty and registration fees in Uthukottai are calculated based on the guideline value or the sale price, whichever is higher. Buyers should be aware of these costs when planning a property transaction.