Guideline Value

Corporate

Guideline Value for KALAIGNAR NAGAR 3rd LANE

₹200/sq.ft.

The guideline value for Kalaignar Nagar 3rd Lane 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 3rd Lane

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KALAIGNAR NAGAR 3rd LANE guideline value

The current guideline value of KALAIGNAR NAGAR 3rd LANE is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai SRO, classified as Residential Class IV Type - I.

How the guideline value of KALAIGNAR NAGAR 3rd LANE has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision also maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for KALAIGNAR NAGAR 3rd LANE. Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft, indicating stability in this period.

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 3rd LANE's 2024 figure is below this median.

Stamp duty and registration fee for property in KALAIGNAR NAGAR 3rd LANE

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 is calculated at 7%, resulting in Rs 14,000, while the registration fee is charged at 2%, amounting to Rs 4,000. Together, the total fees would be Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KALAIGNAR NAGAR 3rd LANE?

The Sub Registrar Office that covers KALAIGNAR NAGAR 3rd LANE is 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 plays a crucial role in the registration process of property transactions in Uthukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented accurately.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of KALAIGNAR NAGAR 3rd LANE?

The current guideline value of KALAIGNAR NAGAR 3rd LANE is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. Notably, there was a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for KALAIGNAR NAGAR 3rd LANE?

KALAIGNAR NAGAR 3rd LANE is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in KALAIGNAR NAGAR 3rd LANE?

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Uthukottai?

The Oothukkottai Sub Registrar Office is responsible for property registrations in Uthukottai. It is located near the government hospital in Uthukottai, 602026, Chennai registration zone.