Guideline Value for ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET

ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET guideline value

The current guideline value of ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET is Rs 500 per sq.ft. This street 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 SOUTH 1st CROSS STREET has changed

The guideline value for this street has seen several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. In 2012, the guideline value was set at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

Overall, comparing the guideline values from 2012 to 2024, there has been no net change, as the value in 2012 was also Rs 500 per sq.ft. The revisions illustrate fluctuations, but the current value aligns with the median guideline value for the village.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO, with guideline values ranging from Rs 200 to Rs 1,000 per sq.ft. The median value is Rs 500 per sq.ft, which is the same as the guideline value for ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET. The following are other streets in Uthukottai:

• Elumalai Reddiar Mandapam Road: 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 SOUTH 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling 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 ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET?

The ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET falls under the jurisdiction of 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 is a crucial factor in property transactions in Uthukottai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The guideline value serves as a benchmark for property transactions, ensuring that all parties are aware of the minimum value assigned to the property being transacted.

Frequently asked questions

What is the current guideline value of ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET?

The current guideline value of ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS 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 changed several times, with the most recent revision in 2024 maintaining the value at Rs 500 per sq.ft. Notably, from 2017 to 2023, there was a 49% increase, while from 2012 to 2017, the value decreased by 33%.

Which office handles the registration for properties in this area?

The registration for properties in ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET is handled by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

What is the land classification of this street?

ELUMALAI REDDIAR MANDAPAM SOUTH 1st CROSS STREET is classified as Residential Class I Type - I, indicating its suitability for residential purposes.