Guideline Value for CHENJULAKSHMI NAGAR STREET

Chenjulakshmi Nagar Street guideline value

The current guideline value of Chenjulakshmi Nagar 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 with a land classification of Residential Class I Type - I.

How the guideline value of Chenjulakshmi Nagar Street has changed

The guideline value for Chenjulakshmi Nagar Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was a decrease of 33% from Rs 335 per sq.ft in the 2017 revision. The 2017 revision marked a significant increase of 49% from the previous figure, bringing it to Rs 500 per sq.ft. From 2017 to 2023, the value remained unchanged at Rs 500 per sq.ft.

In the latest 2024 revision, the guideline value remains at Rs 500 per sq.ft, reflecting a 0% change from the previous year. The register for the years 2002, 2003, and 2007 does not contain any figures for this street.

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. Chenjulakshmi Nagar Street's 2024 figure is equal to this median.

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

Stamp duty and registration fee for property in Chenjulakshmi Nagar 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 at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost together to Rs 45,000. It is important to note that 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 Chenjulakshmi Nagar Street?

The Chenjulakshmi Nagar Street is covered by 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 when registering property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chenjulakshmi Nagar Street?

The current guideline value of Chenjulakshmi Nagar 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 remained at Rs 500 per sq.ft since the 2012 revision, with significant changes noted from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for Chenjulakshmi Nagar Street?

Chenjulakshmi Nagar Street is classified as Residential Class I Type - I.

Where can I find the Oothukkottai Sub Registrar Office?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.