Guideline Value for MATHA MANDAPAM STREET

Matha Mandapam Street guideline value

The current guideline value of Matha Mandapam Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Matha Mandapam Street has changed

Looking at the historical revisions, the guideline value for Matha Mandapam Street was Rs 500 per sq.ft in both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a value of Rs 335 per sq.ft. The change from 2017 to 2023 was an increase of 49%. The 2012 revision also had a value of Rs 500 per sq.ft, showing a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, there has been no change, with the value remaining at Rs 500 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for Matha Mandapam 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 value is Rs 500 per sq.ft, which is equal to the current guideline value of Matha Mandapam Street.

• Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room: Rs 200 per sq.ft (2024)
• Melcitrapakkam Anna Street: Rs 200 per sq.ft (2024)
• Melcitrapakkam Street: Rs 200 per sq.ft (2024)
• Melcitrapakkam Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• Madhakovil West Lane: Rs 500 per sq.ft (2024)
• Madhakovil Main Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Matha Mandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Matha Mandapam Street?

The Sub Registrar Office that covers Matha Mandapam Street is 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 critical factor in the registration process when buying or selling property in Uthukottai. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally documented and recorded.

When a property is sold, the guideline value helps establish a baseline for the transaction price. This ensures that the government receives the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Matha Mandapam Street?

The current guideline value of Matha Mandapam 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 seen various changes, with the most recent values being Rs 500 per sq.ft in 2023 and 2024. The value increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification for Matha Mandapam Street?

The land classification for Matha Mandapam Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Matha Mandapam Street?

The Sub Registrar Office for Matha Mandapam Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026.

How is stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.