Guideline Value for KAMBER 1st STREET

KAMBER 1st STREET guideline value

The current guideline value of KAMBER 1st STREET is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the jurisdiction of the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of KAMBER 1st STREET has changed

The guideline value for KAMBER 1st STREET has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision marked a significant increase to Rs 335 per sq.ft from the previous value, reflecting a 49% increase from 2017 to 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change is 0%, as the value returned to Rs 500 per sq.ft in 2024. The most recent revision in 2024 shows no change from the previous year, maintaining the guideline value 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 KAMBER 1st STREET.

• KAMBER 2nd STREET: Rs 500 per sq.ft (2024)
• KAMARAJ KALYANAMANDAPAM WEST 1st LANE: Rs 500 per sq.ft (2024)
• Kamaraj Kalyanamandapam Street: Rs 500 per sq.ft (2024)
• Kamaraj Kalyanamandapam Opposide Street: Rs 500 per sq.ft (2024)
• Kamarajar Street: Rs 500 per sq.ft (2024)
• Kalaignar Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in KAMBER 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be 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, bringing the total 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers KAMBER 1st STREET?

KAMBER 1st STREET falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property.

When a property is sold, the registration office uses the guideline value to assess the applicable duties. Buyers should be aware that the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of KAMBER 1st STREET?

The current guideline value of KAMBER 1st 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 from 2012 to 2024, with a significant increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for KAMBER 1st STREET?

The land classification for KAMBER 1st STREET is Residential Class I Type - I, indicating its suitability for residential purposes.

What is the stamp duty for property in KAMBER 1st STREET?

The stamp duty for property in KAMBER 1st STREET is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 35,000.

Where is the Sub Registrar Office for KAMBER 1st STREET located?

The Sub Registrar Office covering KAMBER 1st STREET is located near the government hospital in Uthukottai, 602026, Chennai registration zone.