Guideline Value for CHETTIAR BURIALGROUND BACKSIDE 2nd STREET

CHETTIAR BURIALGROUND BACKSIDE 2nd STREET guideline value

The current guideline value for CHETTIAR BURIALGROUND BACKSIDE 2nd STREET is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of CHETTIAR BURIALGROUND BACKSIDE 2nd STREET has changed

Looking at the historical revisions, the guideline value for CHETTIAR BURIALGROUND BACKSIDE 2nd STREET was Rs 300 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 201 per sq.ft, indicating a 49% increase from 2017 to 2023. In the 2012 revision, the value was again Rs 300 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, comparing the 2012 value to the 2024 value, there has been no change, maintaining the guideline value at Rs 300 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The consistent figures in recent years reflect stability in the guideline value for CHETTIAR BURIALGROUND BACKSIDE 2nd 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. The guideline value for CHETTIAR BURIALGROUND BACKSIDE 2nd STREET is below this median, indicating a relatively lower valuation compared to other streets in the area.

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

Stamp duty and registration fee for property in CHETTIAR BURIALGROUND BACKSIDE 2nd STREET

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty would be calculated at 7%, amounting to Rs 21,000, while the registration fee at 2% would be Rs 6,000. Together, the total fees would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CHETTIAR BURIALGROUND BACKSIDE 2nd STREET?

The CHETTIAR BURIALGROUND BACKSIDE 2nd STREET falls under the jurisdiction of the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. For more information, you can 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 property in Uthukottai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of CHETTIAR BURIALGROUND BACKSIDE 2nd STREET?

The current guideline value of CHETTIAR BURIALGROUND BACKSIDE 2nd STREET is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

Which Sub Registrar Office covers this street?

The Oothukkottai Sub Registrar Office covers CHETTIAR BURIALGROUND BACKSIDE 2nd STREET, located near the government hospital in Uthukottai, Chennai 602026.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

What is the land classification for CHETTIAR BURIALGROUND BACKSIDE 2nd STREET?

CHETTIAR BURIALGROUND BACKSIDE 2nd STREET is classified as Residential Class III Type - I, indicating its intended use for residential purposes.