Guideline Value for KRISHNAWATER QUARTERES STREET

Krishnawater Quarteres Street guideline value

The current guideline value of Krishnawater Quarteres Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class III Type - I.

How the guideline value of Krishnawater Quarteres Street has changed

Over the years, the guideline value for Krishnawater Quarteres Street has seen several revisions. In the 2012 revision, the value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 300 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, when comparing the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 300 per sq.ft.

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. The guideline value for Krishnawater Quarteres Street is below this median.

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

Stamp duty and registration fee for property in Krishnawater Quarteres Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. It is important to note that the 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 on the fees applicable to your property transaction.

Which Sub Registrar Office covers Krishnawater Quarteres Street?

The Sub Registrar Office that covers Krishnawater Quarteres Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Uthukottai, as it is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider this value when negotiating sale prices, as it sets a baseline for the minimum value of the property.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government collects the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Krishnawater Quarteres Street?

The current guideline value for Krishnawater Quarteres Street is Rs 300 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 300 per sq.ft in 2024, unchanged from 2023. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the land classification for Krishnawater Quarteres Street?

Krishnawater Quarteres Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. Fees are based on the higher of the guideline value or the sale price.

Which office handles property registration for Krishnawater Quarteres Street?

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