Guideline Value for KIZHCITRAPAKKAM ARUNTHATHI COLONY STREET

Kizhcitrapakkam Arunthathi Colony Street guideline value

The current guideline value of Kizhcitrapakkam Arunthathi Colony Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai Sub Registrar Office. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kizhcitrapakkam Arunthathi Colony Street has changed

The guideline value for Kizhcitrapakkam Arunthathi Colony Street has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which increased to Rs 67 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 199%, bringing it back to Rs 200 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

It should be noted that there are no figures available for this street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 100%.

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. Kizhcitrapakkam Arunthathi Colony Street's 2024 figure is below this median.

• Kizhcitrapakkam Arunthathi Colony Burial Ground Road: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Marathamman Koil Street: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Pumb Room Upto Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Street: Rs 200 per sq.ft (2024)
• Kosaverpattai Street: Rs 500 per sq.ft (2024)
• KOTTAI 1st STREET: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kizhcitrapakkam Arunthathi Colony Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, making a total of Rs 18,000. It is important to note that 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 details.

Which Sub Registrar Office covers Kizhcitrapakkam Arunthathi Colony Street?

The Kizhcitrapakkam Arunthathi Colony Street is covered by 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 when buying or selling property in Uthukottai. It is used to determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair price, reflecting the current market conditions as set by the Registration Department. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kizhcitrapakkam Arunthathi Colony Street?

The current guideline value of Kizhcitrapakkam Arunthathi Colony Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 200 per sq.ft in 2024. The value saw a significant increase of 199% from 2017 to 2023.

What is the land classification for Kizhcitrapakkam Arunthathi Colony Street?

The land classification for Kizhcitrapakkam Arunthathi Colony Street is Residential Class IV Type - I.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated for properties in Kizhcitrapakkam Arunthathi Colony Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,000.