Guideline Value for KOSAVERPATTAI STREET

Kosaverpattai Street guideline value

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

How the guideline value of Kosaverpattai Street has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, in the 2017 revision, the value had previously dropped to Rs 335 per sq.ft, marking a decrease of 33% from 2012. From 2017 to 2023, the value rose by 49%, returning to Rs 500 per sq.ft.

The 2024 revision has maintained the guideline value at Rs 500 per sq.ft, reflecting no change from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO with a guideline value for 2024 ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 500 per sq.ft. Kosaverpattai Street's 2024 figure aligns with this median.

• KOTTAI 1st STREET: Rs 400 per sq.ft (2024)
• KOTTAI 2nd STREET: Rs 400 per sq.ft (2024)
• Koyyahthoppu: Rs 200 per sq.ft (2024)
• KOYYAHTHOPPU 1st CROSS STREET: Rs 200 per sq.ft (2024)
• KOYYAHTHOPPU 2nd CROSS STREET: Rs 200 per sq.ft (2024)
• Koyyahthoppu East Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kosaverpattai Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kosaverpattai Street?

Kosaverpattai 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthukottai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legalizing the transaction. Buyers and sellers must 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 Kosaverpattai Street?

The current guideline value of Kosaverpattai 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 seen several revisions, with the most recent being Rs 500 per sq.ft in 2024, unchanged from 2023. It was Rs 335 per sq.ft in 2017, which increased by 49% to Rs 500 per sq.ft in 2023.

What is the land classification for Kosaverpattai Street?

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

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 Kosaverpattai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 45,000.