Guideline Value for KOTTAI 1st STREET

KOTTAI 1st STREET guideline value

The current guideline value for KOTTAI 1st STREET in Uthukottai village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Oothukkottai SRO and is classified as Residential Class II Type - I.

How the guideline value of KOTTAI 1st STREET has changed

Looking at the revisions, the guideline value for KOTTAI 1st STREET was Rs 400 per sq.ft in both the 2023 and 2024 revisions. In the 2017 revision, it was Rs 268 per sq.ft, showing a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a guideline value of Rs 400 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 400 per sq.ft.

The register has no 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 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing KOTTAI 1st STREET's 2024 figure below that median.

• KOTTAI 2nd STREET: Rs 400 per sq.ft (2024)
• Kosaverpattai Street: Rs 500 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 KOTTAI 1st STREET

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KOTTAI 1st STREET?

The KOTTAI 1st STREET is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. 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 helps determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for KOTTAI 1st STREET?

The current guideline value for KOTTAI 1st STREET is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft, the same as in 2023. From 2017 to 2023, there was a 49% increase from Rs 268 per sq.ft.

What is the land classification for KOTTAI 1st STREET?

KOTTAI 1st STREET is classified as Residential Class II Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for KOTTAI 1st STREET?

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

How is the stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For KOTTAI 1st STREET, a plot of 1,000 sq.ft at the current rate would incur a total of Rs 36,000 in duties and fees.