Guideline Value for KALAIGNAR CROSS STREET

Kalaignar Cross Street guideline value

The current guideline value of Kalaignar Cross Street is Rs 500 per sq.ft, effective from 1 July 2024. This street 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 Kalaignar Cross Street has changed

Over the years, the guideline value of Kalaignar Cross Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision, where the value was Rs 335 per sq.ft. The 2023 revision again set the value at Rs 500 per sq.ft, and this value has not changed in the 2024 revision, which is also Rs 500 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. 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. The median value is Rs 500 per sq.ft, which is equal to the guideline value of Kalaignar Cross Street.

• KALAIGNAR NAGAR 1st LANE: Rs 200 per sq.ft (2024)
• KALAIGNAR NAGAR 1st MAIN ROAD: Rs 200 per sq.ft (2024)
• KALAIGNAR NAGAR 2nd LANE: Rs 200 per sq.ft (2024)
• KALAIGNAR NAGAR 2nd MAIN ROAD: Rs 200 per sq.ft (2024)
• KALAIGNAR NAGAR 3rd LANE: Rs 200 per sq.ft (2024)
• KALAIGNAR NAGAR 4th LANE: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Cross Street

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 or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kalaignar Cross Street?

The Sub Registrar Office that covers Kalaignar Cross Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kalaignar Cross Street?

The current guideline value of Kalaignar 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 seen various revisions, with the most recent being Rs 500 per sq.ft in both 2023 and 2024. The value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017.

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

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 based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Kalaignar Cross Street?

The Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, is responsible for the registration of properties in Kalaignar Cross Street.

What is the land classification for Kalaignar Cross Street?

Kalaignar Cross Street falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.