Guideline Value for KOTTAI 2nd STREET

KOTTAI 2nd STREET guideline value

The current guideline value of KOTTAI 2nd STREET is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the jurisdiction of the Oothukkottai SRO. It falls under the Residential Class II Type - I land classification.

How the guideline value of KOTTAI 2nd STREET has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 400 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value saw a decrease of 33%. Overall, comparing the figures from 2012 to 2024, there has been no change, as both years reflect a guideline value of 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 that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,000 per sq.ft. The median guideline value for the village is Rs 500 per sq.ft, placing KOTTAI 2nd STREET's 2024 figure below this median.

• KOTTAI 1st 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 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total 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, bringing the total fees to Rs 36,000. The duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers KOTTAI 2nd STREET?

The KOTTAI 2nd STREET is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Uthukottai. It determines the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When registering a property, the guideline value helps to establish a fair value for taxation purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of KOTTAI 2nd STREET?

The current guideline value of KOTTAI 2nd 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 changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for KOTTAI 2nd STREET?

KOTTAI 2nd STREET is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in KOTTAI 2nd STREET?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for KOTTAI 2nd STREET?

The Oothukkottai Sub Registrar Office handles the registration for KOTTAI 2nd STREET, located near the government hospital in Uthukottai, 602026, Chennai registration zone.