Guideline Value

Corporate

Guideline Value for KALAIGNAR NAGAR 1st MAIN ROAD

₹200/sq.ft.

The guideline value for Kalaignar Nagar 1st Main Road in Uthukottai village (Oothukkottai SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthukottai

Village

Oothukkottai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Near-government Hospital Uthukottai. 602026
044-27631361
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kalaignar Nagar 1st Main Road

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KALAIGNAR NAGAR 1st MAIN ROAD guideline value

The current guideline value of KALAIGNAR NAGAR 1st MAIN ROAD is Rs 200 per sq.ft, effective from 1 July 2024. This road is located in Uthukottai village under the Oothukkottai SRO and is classified as Residential Class IV Type - I.

How the guideline value of KALAIGNAR NAGAR 1st MAIN ROAD has changed

The guideline value for KALAIGNAR NAGAR 1st MAIN ROAD has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft, which was a decrease of 33% from Rs 134 per sq.ft in the 2017 revision. The 2017 revision saw a significant increase of 49% from the previous value, bringing it to Rs 200 per sq.ft again in 2023. The current 2024 revision maintains this value at Rs 200 per sq.ft, reflecting no change from the previous year.

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 200 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 value of Rs 500 per sq.ft. KALAIGNAR NAGAR 1st MAIN ROAD's guideline value is below this median.

Stamp duty and registration fee for property in KALAIGNAR NAGAR 1st MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KALAIGNAR NAGAR 1st MAIN ROAD?

The KALAIGNAR NAGAR 1st MAIN ROAD 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 the registration process when buying or selling property in Uthukottai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the Registration Department.

When a property is registered, the buyer must pay the applicable duties based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of KALAIGNAR NAGAR 1st MAIN ROAD?

The current guideline value of KALAIGNAR NAGAR 1st MAIN ROAD is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for KALAIGNAR NAGAR 1st MAIN ROAD?

The Oothukkottai Sub Registrar Office handles the registration for KALAIGNAR NAGAR 1st MAIN ROAD, located near the government hospital in Uthukottai.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated periodically based on various factors, including land classification and market conditions in the area.