Guideline Value for KALAIGNAR STREET

Kalaignar Street guideline value

The current guideline value of Kalaignar Street in Uthukottai village, under the Oothukkottai SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kalaignar Street has changed

The guideline value for Kalaignar Street has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which was a decrease of 33% from Rs 335 per sq.ft in 2017. Following this, the value remained unchanged at Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from the 2017 figure.

Notably, the register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 500 per sq.ft.

Guideline values in Uthukottai

In Uthukottai, there are a total of 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 guideline value is Rs 500 per sq.ft, which is equal to the current figure for Kalaignar Street.

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

Stamp duty and registration fee for property in Kalaignar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value is 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, resulting in a total of Rs 45,000 for these charges. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaignar Street?

Kalaignar Street is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai, 602026. You can find your SRO for further assistance.

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

The guideline value serves as a reference for property transactions in Uthukottai. It is used to calculate the stamp duty and registration fees that are applicable when buying or selling property in the area.

When registering a property, the guideline value is crucial as it determines the financial obligations for both buyers and sellers. Ensuring that the guideline value is accurately reflected in the transaction can help avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

The current guideline value of Kalaignar 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 2012, 2023, and 2024. It increased from Rs 335 per sq.ft in 2017, showing a 49% rise from that figure.

What is the land classification for Kalaignar Street?

Kalaignar Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for 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 office handles the registration for Kalaignar Street?

The Oothukkottai Sub Registrar Office handles registrations for Kalaignar Street, located near the government hospital in Uthukottai, Chennai, 602026.