Guideline Value for CHETTIAR BURIALGROUND ROAD

Chettiar Burialground Road guideline value

The current guideline value of Chettiar Burialground Road is Rs 300 per sq.ft, effective from 1 July 2024. This road is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class III Type - I.

How the guideline value of Chettiar Burialground Road has changed

The guideline value for Chettiar Burialground Road has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. In 2012, the value was Rs 300 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it was set at Rs 201 per sq.ft. The guideline value then increased significantly by 49% to Rs 300 per sq.ft in 2023, and it has remained the same in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft. The most recent revision in 2024 shows no increase from the previous year, maintaining the value at Rs 300 per sq.ft.

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. Chettiar Burialground Road's 2024 figure is below this median.

• CHETTIAR BURIALGROUND BACKSIDE 2nd STREET: Rs 300 per sq.ft (2024)
• CHETTIAR BURIALGROUND BACKSIDE 1st STREET: 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Chettiar Burialground Road?

The Sub Registrar Office that covers Chettiar Burialground 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 details.

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 must be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. It is essential for buyers and sellers 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 Chettiar Burialground Road?

The current guideline value of Chettiar Burialground Road is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the land classification for Chettiar Burialground Road?

Chettiar Burialground Road is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

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. These fees are based on the guideline value.

Where is the Sub Registrar Office for Chettiar Burialground Road located?

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