Guideline Value for NAGALAPURAM ROAD (H.W.BOARD) STREET

Nagalapuram Road (H.W.Board) Street guideline value

The current guideline value of Nagalapuram Road (H.W.Board) Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Nagalapuram Road (H.W.Board) Street has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, reflecting a 49% rise from the 2017 figure. The 2024 revision maintains this value at Rs 500 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street, indicating that the register has no figure for this street in those years.

Guideline values in Uthukottai

Uthukottai has a total of 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 Nagalapuram Road (H.W.Board) Street is equal to this median.

• Nagalapuram Road From Bus Depot To A.P.Border: Rs 750 per sq.ft (2024)
• Nagalapuram Road Police Station Opposide Street: Rs 500 per sq.ft (2024)
• Nagalapuram Road Bus Depot 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 (H.W.Board) Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the 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 to 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 Nagalapuram Road (H.W.Board) Street?

The Sub Registrar Office that covers Nagalapuram Road (H.W.Board) 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 an essential factor when registering property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nagalapuram Road (H.W.Board) Street?

The current guideline value of Nagalapuram Road (H.W.Board) 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 several changes, with the most recent revision in 2024 maintaining the value at Rs 500 per sq.ft. The value was Rs 335 per sq.ft in 2017, which increased to Rs 500 per sq.ft in 2023.

What is the land classification for Nagalapuram Road (H.W.Board) Street?

Nagalapuram Road (H.W.Board) Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Oothukkottai Sub Registrar Office?

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

How is stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically 7% of the guideline value, with an additional registration fee of 2% applicable.