Guideline Value for KOYYAHTHOPPU

Koyyahthoppu guideline value

The current guideline value of Koyyahthoppu is Rs 200 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 IV Type - I land classification.

How the guideline value of Koyyahthoppu has changed

Over the years, the guideline value of Koyyahthoppu has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% rise from the previous figure. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft. The most recent revision in 2024 shows no change from the 2023 figure, maintaining the guideline value at Rs 200 per sq.ft.

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, with a median value of Rs 500 per sq.ft. Koyyahthoppu's 2024 figure is below this median.

• 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)
• K.R.C.Nagar: Rs 400 per sq.ft (2024)
• KOTTAI 2nd STREET: Rs 400 per sq.ft (2024)
• KOTTAI 1st STREET: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Koyyahthoppu

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Koyyahthoppu?

The Koyyahthoppu area 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 plays a crucial role in the registration process of property transactions in Uthukottai. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring that the transaction is recorded accurately in the official register.

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

Frequently asked questions

What is the current guideline value of Koyyahthoppu?

The current guideline value of Koyyahthoppu is Rs 200 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 200 per sq.ft in both 2023 and 2024. The 2017 revision was Rs 134 per sq.ft, showing a 49% increase from the previous value.

What are the guideline values of other streets in Uthukottai?

Other streets in Uthukottai have varying guideline values, ranging from Rs 200 to Rs 400 per sq.ft. For example, K.R.C.Nagar, KOTTAI 1st STREET, and KOTTAI 2nd STREET have a guideline value of Rs 400 per sq.ft.

What fees are associated with property transactions in Koyyahthoppu?

When transacting property in Koyyahthoppu, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this totals Rs 18,000 in fees.

Where can I find the Sub Registrar Office for Koyyahthoppu?

The Sub Registrar Office covering Koyyahthoppu is located near the government hospital in Uthukottai, 602026, Chennai registration zone. This office handles all registration needs for the area.