Guideline Value for KIZHCITRAPAKKAM STREET

Kizhcitrapakkam Street guideline value

The current guideline value of Kizhcitrapakkam 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, classified as Residential Class IV Type - I.

How the guideline value of Kizhcitrapakkam Street has changed

The guideline value for Kizhcitrapakkam Street has undergone 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. Following this, the value saw a significant rise to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a 199% increase from 2017 to 2023 and a 0% change from 2023 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 100%. This consistent rise reflects the changes in the valuation process and adjustments made in the guideline values over the years.

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 Street's current guideline value is below this median.

• Kizhcitrapakkam Pumb Room Upto Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Marathamman Koil Street: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Arunthathi Colony Street: Rs 200 per sq.ft (2024)
• Kizhcitrapakkam Arunthathi Colony Burial Ground Road: 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 Street

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kizhcitrapakkam Street?

Kizhcitrapakkam 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 is a critical component in the registration process for property transactions in Uthukottai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value must be considered to determine the appropriate fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kizhcitrapakkam Street?

The current guideline value of Kizhcitrapakkam 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, and then to Rs 200 per sq.ft in 2023 and 2024. The overall increase from 2012 to 2024 is 100%.

Which office handles the registration for Kizhcitrapakkam Street?

The Oothukkottai Sub Registrar Office handles the registration for Kizhcitrapakkam Street, located near the government hospital in Uthukottai.

What are the stamp duty and registration fees for properties in Kizhcitrapakkam Street?

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.

What is the median guideline value in Uthukottai?

The median guideline value for streets in Uthukottai is Rs 500 per sq.ft. Kizhcitrapakkam Street's guideline value of Rs 200 per sq.ft is below this median.