Guideline Value for NAGALAPURAM ROAD POLICE STATION OPPOSIDE STREET

Nagalapuram Road Police Station Opposide Street guideline value

The current guideline value for Nagalapuram Road Police Station 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 Police Station Opposide Street has changed

The guideline value for Nagalapuram Road Police Station Opposide Street has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following that, the value increased significantly to Rs 500 per sq.ft in 2023, and it has remained the same in the 2024 revision, showing no percentage change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, the guideline value from 2012 to 2024 has not changed, remaining at Rs 500 per sq.ft.

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, with a median value of Rs 500 per sq.ft. The guideline value for Nagalapuram Road Police Station Opposide Street aligns with this median.

• Nagalapuram Road (H.W.Board) Street: Rs 500 per sq.ft (2024)
• Nagalapuram Road Up To Bus Depot: Rs 1,000 per sq.ft (2024)
• Nagalapuram Road From Bus Depot To A.P.Border: Rs 750 per sq.ft (2024)
• Nagalapuram Road Bus Depot Opposide Street: Rs 500 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 Police Station Opposide 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, bringing the total fees to Rs 45,000. 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 Nagalapuram Road Police Station Opposide Street?

The Nagalapuram Road Police Station Opposide Street is covered by 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 determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and documented.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction's legitimacy and ensuring compliance with local regulations. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Nagalapuram Road Police Station Opposide Street?

The current guideline value for Nagalapuram Road Police Station 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 changed several times, 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 and Rs 500 per sq.ft in 2012.

What is the land classification for this area?

The land classification for Nagalapuram Road Police Station Opposide Street is 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, with the postal code 602026 in the Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft, the total fees would amount to Rs 45,000.