Guideline Value for MURUGA RICEMILL ROAD

Muruga Ricemill Road guideline value

The current guideline value of Muruga Ricemill Road is Rs 400 per sq.ft, effective from 1 July 2024. This road is located in Uthukottai village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Muruga Ricemill Road has changed

The guideline value for Muruga Ricemill Road has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. However, from 2017 to the 2023 revision, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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. The median value for these streets is Rs 500 per sq.ft, making the guideline value of Muruga Ricemill Road below this median.

• Nagalapuram Road Bus Depot Opposide Street: Rs 500 per sq.ft (2024)
• Nagalapuram Road From Bus Depot To A.P.Border: Rs 750 per sq.ft (2024)
• Nagalapuram Road (H.W.Board) Street: Rs 500 per sq.ft (2024)
• Nagalapuram Road Police Station Opposide Street: Rs 500 per sq.ft (2024)
• Nagalapuram Road Up To Bus Depot: Rs 1,000 per sq.ft (2024)
• Nehru Bajaar E.C.I.Church South Cross Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Muruga Ricemill Road

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muruga Ricemill Road?

The Sub Registrar Office that covers Muruga Ricemill Road is 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 is a crucial factor when buying or selling property in Uthukottai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the official pricing set by the government. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Muruga Ricemill Road?

The current guideline value of Muruga Ricemill Road 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 several times, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft. The value was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification for Muruga Ricemill Road?

The land classification for Muruga Ricemill Road is Residential Class II Type - I, indicating the type of development allowed in this area.

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

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.

Where can I find the Sub Registrar Office for Muruga Ricemill Road?

The Sub Registrar Office for Muruga Ricemill Road is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.