Guideline Value for NAGALAPURAM ROAD BUS DEPOT OPPOSIDE STREET

Nagalapuram Road Bus Depot Opposide Street guideline value

The current guideline value for Nagalapuram Road Bus Depot Opposide 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Nagalapuram Road Bus Depot Opposide Street has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft, reflecting a decrease of 33%. The value then increased significantly by 49% to Rs 500 per sq.ft in the 2023 revision. The 2024 revision has maintained this value at Rs 500 per sq.ft, 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. Overall, from 2012 to 2024, the guideline value has remained at Rs 500 per sq.ft, indicating stability in the valuation 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 for these streets is Rs 500 per sq.ft, which is equal to the current figure for Nagalapuram Road Bus Depot Opposide Street.

• 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)
• 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 Bus Depot Opposide 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, charged at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nagalapuram Road Bus Depot Opposide Street?

The Nagalapuram Road Bus Depot Opposide Street falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Uthukottai

The guideline value plays a crucial role in the registration process of property transactions in Uthukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nagalapuram Road Bus Depot Opposide Street?

The current guideline value of Nagalapuram Road Bus Depot Opposide 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 significant increase being from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023. The value remained stable at Rs 500 per sq.ft from 2012 and continues at this figure for 2024.

What is the land classification for this street?

The land classification for Nagalapuram Road Bus Depot Opposide Street is Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office covering Nagalapuram Road Bus Depot Opposide Street is located near the government hospital in Uthukottai, with the postal code 602026.

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. In addition to stamp duty, a registration fee is also applicable during the property registration process.