Guideline Value for CHELLIAMMAN KOIL ROAD

Chelliamman Koil Road guideline value

The current guideline value of Chelliamman Koil Road is Rs 500 per sq.ft, effective from 1 July 2024. This road is located in Uthukottai village, under the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Chelliamman Koil Road has changed

Over the years, the guideline value of Chelliamman Koil Road has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision marked a significant increase, with the value rising to Rs 335 per sq.ft, reflecting a change of +49% from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall, from 2012 to 2024, the value has remained stable at Rs 500 per sq.ft. The most recent revision in 2024 did not change the value from the previous year, showing a change of +0% from 2023 to 2024.

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 the median value being Rs 500 per sq.ft. Chelliamman Koil Road's 2024 figure aligns with this median.

• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Chavadi Street: 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 Chelliamman Koil Road

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 is charged at 7%, which totals Rs 35,000, and the registration fee is 2%, amounting to Rs 10,000. Together, the total cost for stamp duty and registration fee is 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 further calculations.

Which Sub Registrar Office covers Chelliamman Koil Road?

The Sub Registrar Office that covers Chelliamman Koil Road 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 is a crucial factor in property transactions in Uthukottai. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices to comply with legal requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees. This means that even if the sale price is lower than the guideline value, the duty will be based on the higher guideline value, thus impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chelliamman Koil Road?

The current guideline value of Chelliamman Koil Road 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 from 2012 to 2024, with a significant increase from Rs 335 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 5,00,000, the stamp duty is Rs 35,000 and the registration fee is Rs 10,000, totaling Rs 45,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Chelliamman Koil Road?

The Oothukkottai Sub Registrar Office handles property registrations for Chelliamman Koil Road, located near the government hospital in Uthukottai.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration price for properties, impacting the stamp duty and registration fees. It ensures that the government receives appropriate revenue from property transactions.