Guideline Value for ELUMALAI REDDIAR MANDAPAM ROAD

Elumalai Reddiar Mandapam Road guideline value

The current guideline value for Elumalai Reddiar Mandapam Road is Rs 500 per sq.ft. This road is located in Uthukottai village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Elumalai Reddiar Mandapam Road has changed

The guideline value for Elumalai Reddiar Mandapam Road has undergone several revisions over the years. 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 saw a significant increase to Rs 335 per sq.ft, marking a 49% rise from the previous revision. However, the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, the guideline value has remained constant at Rs 500 per sq.ft. The most recent revision in 2024 has again set the value at Rs 500 per sq.ft, reflecting no change from the previous year.

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 Elumalai Reddiar Mandapam Road is equal to this median.

• ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET: Rs 500 per sq.ft (2024)
• ELUMALAI REDDIAR MANDAPAM SOUTH 2nd CROSS STREET: Rs 500 per sq.ft (2024)
• ELUMALAI REDDIAR MANDAPAM SOUTH 3rd CROSS STREET: Rs 500 per sq.ft (2024)
• Elumalai Reddiar Mandapam West Street: Rs 500 per sq.ft (2024)
• Gov.Girls H.S.School Backside Street: Rs 400 per sq.ft (2024)
• Chetty Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Elumalai Reddiar Mandapam Road

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the 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, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elumalai Reddiar Mandapam Road?

The Elumalai Reddiar Mandapam Road is covered by 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 plays a crucial role when buying or selling property in Uthukottai. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently. When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it influences the overall costs involved in property transactions. Proper knowledge of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Elumalai Reddiar Mandapam Road?

The current guideline value for Elumalai Reddiar Mandapam Road is Rs 500 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the 2012 value at Rs 500 per sq.ft, a decrease to Rs 335 per sq.ft in 2017, and then returning to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Elumalai Reddiar Mandapam Road?

Elumalai Reddiar Mandapam Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Elumalai Reddiar Mandapam Road?

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

How is the stamp duty calculated for properties in Uthukottai?

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