Guideline Value for CHELLIAMMAN NAGAR

Chelliamman Nagar guideline value

The current guideline value of Chelliamman Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This locality is situated 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 Chelliamman Nagar has changed

The guideline value for Chelliamman Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, the guideline value remained unchanged from 2023 to 2024 at Rs 500 per sq.ft. The significant increase of 49% from the 2017 revision to the 2023 revision reflects the changes in the valuation over the years.

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. The median value is Rs 500 per sq.ft, which is equal to the guideline value of Chelliamman Nagar.

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

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 charges to 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 Chelliamman Nagar?

The Sub Registrar Office covering Chelliamman Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. 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 during the registration of property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in property dealings. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chelliamman Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen a 49% increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Chelliamman Nagar?

Chelliamman Nagar is classified as Residential Class I Type - I. This classification is important for determining the guideline value and property regulations in the area.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, Chennai 602026. It is the designated office for property registrations in this locality.

How is stamp duty calculated for properties in Chelliamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.