Guideline Value for NAGALAPURAM ROAD FROM BUS DEPOT TO A.P.BORDER

Nagalapuram Road From Bus Depot To A.P.Border guideline value

The current guideline value of Nagalapuram Road From Bus Depot To A.P.Border is Rs 750 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 Commercial Class I Type - II.

How the guideline value of Nagalapuram Road From Bus Depot To A.P.Border has changed

The guideline value for Nagalapuram Road From Bus Depot To A.P.Border has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 750 per sq.ft. The 2017 revision had a lower figure of Rs 502 per sq.ft, reflecting a decrease of 33% from the previous revision. Overall, from 2012 to 2024, the value has remained stable at Rs 750 per sq.ft.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. The most recent revision in 2024 shows no change from the previous year, maintaining the value at Rs 750 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this 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, placing Nagalapuram Road From Bus Depot To A.P.Border above this median.

• Nagalapuram Road Bus Depot Opposide Street: Rs 500 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)
• Muruga Ricemill Road: Rs 400 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 Nagalapuram Road From Bus Depot To A.P.Border

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty, charged at 7%, would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Together, the total cost for stamp duty and registration would be Rs 67,500. 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 Nagalapuram Road From Bus Depot To A.P.Border?

The Sub Registrar Office covering Nagalapuram Road From Bus Depot To A.P.Border is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 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 crucial factor in property transactions in Uthukottai. It serves as the basis for calculating the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they comply with legal requirements during the registration process.

When registering a property, the guideline value is used to determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, as the stamp duty is calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nagalapuram Road From Bus Depot To A.P.Border?

The current guideline value of Nagalapuram Road From Bus Depot To A.P.Border is Rs 750 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 being Rs 750 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision was Rs 502 per sq.ft, which was a decrease from Rs 750 per sq.ft in 2012.

What is the land classification for Nagalapuram Road From Bus Depot To A.P.Border?

The land classification for Nagalapuram Road From Bus Depot To A.P.Border is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Oothukkottai Sub Registrar Office covers this area and is located near the government hospital in Uthukottai, 602026.

How is the stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.