Guideline Value for K.V.D.NAGAR

K.V.D.Nagar guideline value

The current guideline value of K.V.D.Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Uthukottai village, under the Oothukkottai SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of K.V.D.Nagar has changed

The guideline value for K.V.D.Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. In 2017, the value decreased to Rs 335 per sq.ft, marking a decline of 33%. However, it rebounded to Rs 500 per sq.ft in the 2023 revision, and remained unchanged in the 2024 revision, resulting in a 49% increase from the 2017 figure.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same 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. The median value is Rs 500 per sq.ft, which aligns with the guideline value of K.V.D.Nagar.

• Kumari Theater Street: Rs 500 per sq.ft (2024)
• Krishnawater Quarteres Street: Rs 300 per sq.ft (2024)
• K.R.C.Nagar: Rs 400 per sq.ft (2024)
• MADHAKOVIL EAST 1st LANE: Rs 500 per sq.ft (2024)
• MADHAKOVIL EAST 2nd LANE: Rs 500 per sq.ft (2024)
• Madhakovil Main Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in K.V.D.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total 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, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.V.D.Nagar?

K.V.D.Nagar is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, with the postal code 602026. To find more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the actual sale price is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of K.V.D.Nagar?

The current guideline value of K.V.D.Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, then returned to Rs 500 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification for K.V.D.Nagar?

K.V.D.Nagar falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in K.V.D.Nagar?

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. This is based on a plot size of 1,000 sq.ft at the current guideline value.

Where can I find the Sub Registrar Office for K.V.D.Nagar?

The Oothukkottai Sub Registrar Office covers K.V.D.Nagar and is located near the government hospital in Uthukottai, with the postal code 602026.