Guideline Value for KUMARI THEATER STREET

Kumari Theater Street guideline value

The current guideline value of Kumari Theater Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Kumari Theater Street has changed

The guideline value for Kumari Theater Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was a decrease of 33% from Rs 335 per sq.ft in 2017. The 2017 revision saw a significant increase of 49% to Rs 500 per sq.ft in 2023, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 500 per sq.ft, reflecting no change during this period.

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 value is Rs 500 per sq.ft, which is equal to the guideline value of Kumari Theater Street.

• K.V.D.Nagar: Rs 500 per sq.ft (2024)
• Krishnawater Quarteres Street: Rs 300 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Kumari Theater Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total 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, bringing the total fees to Rs 45,000. It is important to note that 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 for more detailed calculations.

Which Sub Registrar Office covers Kumari Theater Street?

The Sub Registrar Office that covers Kumari Theater Street is 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 during the registration of property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the official value of the property as determined by the Registration Department. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kumari Theater Street?

The current guideline value of Kumari Theater 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 changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. Overall, the value has remained at Rs 500 per sq.ft from 2012 to 2024.

What is the median guideline value in Uthukottai?

The median guideline value of streets in Uthukottai is Rs 500 per sq.ft, which is the same as that of Kumari Theater Street.

What are the stamp duty rates for properties in Kumari Theater Street?

The stamp duty for properties in Kumari Theater Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kumari Theater Street?

The Sub Registrar Office for Kumari Theater Street is located near the government hospital in Uthukottai, 602026, Chennai registration zone.