Guideline Value for ELUMALAI REDDIAR MANDAPAM WEST STREET

Elumalai Reddiar Mandapam West Street guideline value

The current guideline value of Elumalai Reddiar Mandapam West Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Elumalai Reddiar Mandapam West Street has changed

The guideline value for Elumalai Reddiar Mandapam West Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision and has remained at that figure in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 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 of Rs 500 per sq.ft. The guideline value for Elumalai Reddiar Mandapam West Street aligns with this median.

• ELUMALAI REDDIAR MANDAPAM SOUTH 3rd 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 1st CROSS STREET: Rs 500 per sq.ft (2024)
• Elumalai Reddiar Mandapam Road: 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 West 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 West Street?

The Elumalai Reddiar Mandapam West 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 additional information.

How the guideline value is used when you buy or sell in Uthukottai

The guideline value is a crucial factor in the registration process of property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Elumalai Reddiar Mandapam West Street?

The current guideline value of Elumalai Reddiar Mandapam West 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 in the 2023 and 2024 revisions, increased from Rs 335 per sq.ft in 2017, and was Rs 500 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the stamp duty for property in Elumalai Reddiar Mandapam West Street?

The stamp duty for property in Elumalai Reddiar Mandapam West Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 35,000 based on the current guideline value.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Elumalai Reddiar Mandapam West Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

What is the land classification of Elumalai Reddiar Mandapam West Street?

Elumalai Reddiar Mandapam West Street is classified as Residential Class I Type - I, indicating its designation for residential use within the area.