Guideline Value for KIZHCITRAPAKKAM MARATHAMMAN KOIL STREET

Kizhcitrapakkam Marathamman Koil Street guideline value

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

How the guideline value of Kizhcitrapakkam Marathamman Koil Street has changed

The guideline value for Kizhcitrapakkam Marathamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which then increased to Rs 67 per sq.ft in 2017. From 2017 to 2023, the guideline value rose significantly to Rs 200 per sq.ft, marking a 199% increase. The 2023 revision maintained the same value of Rs 200 per sq.ft, which will continue into the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, 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 Marathamman Koil Street's 2024 figure is below this median.

• Kizhcitrapakkam Arunthathi Colony Street: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Pumb Room Upto Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Arunthathi Colony Burial Ground Road: 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 Marathamman Koil 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, totaling Rs 18,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kizhcitrapakkam Marathamman Koil Street?

The Kizhcitrapakkam Marathamman Koil 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 further assistance.

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

The guideline value is used as a reference point for determining the stamp duty and registration fees when buying or selling property in Uthukottai. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value may affect the overall cost, as the stamp duty is calculated based on the higher of the guideline value or the sale price. This means that understanding the guideline value is crucial for accurate financial planning when engaging in real estate transactions.

Frequently asked questions

What is the current guideline value of Kizhcitrapakkam Marathamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

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

Which office is responsible for property registration in Kizhcitrapakkam Marathamman Koil Street?

The Oothukkottai Sub Registrar Office is responsible for property registration in Kizhcitrapakkam Marathamman Koil Street, located near the government hospital in Uthukottai.

What is the land classification for Kizhcitrapakkam Marathamman Koil Street?

The land classification for Kizhcitrapakkam Marathamman Koil Street is Residential Class IV Type - I, indicating its designated use for residential purposes.