Guideline Value for NAGALAPURAM ROAD UP TO BUS DEPOT

Nagalapuram Road Up To Bus Depot guideline value

The current guideline value for Nagalapuram Road Up To Bus Depot is Rs 1,000 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 Commercial Class I Type - I.

How the guideline value of Nagalapuram Road Up To Bus Depot has changed

The guideline value for Nagalapuram Road Up To Bus Depot has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 670 per sq.ft. The 2023 revision maintained the value at Rs 1,000 per sq.ft, showing no change compared to the 2024 revision which also stands at Rs 1,000 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,000 per sq.ft. It is important to note that 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 have 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, placing Nagalapuram Road Up To Bus Depot above this median.

• Nagalapuram Road Police Station Opposide Street: Rs 500 per sq.ft (2024)
• Nagalapuram Road (H.W.Board) Street: Rs 500 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 Up To Bus Depot

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 Up To Bus Depot?

The Sub Registrar Office that covers Nagalapuram Road Up To Bus Depot is 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 is a crucial factor when buying or selling property in Uthukottai, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must be aware that the guideline value is used as a benchmark for these fees, ensuring that transactions are recorded accurately and transparently.

When registering a property, the guideline value serves as a reference point for the registration office, and it is essential for all parties involved to understand its implications. This helps in avoiding disputes and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Nagalapuram Road Up To Bus Depot?

The current guideline value for Nagalapuram Road Up To Bus Depot is Rs 1,000 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 revision in 2024 maintaining the value at Rs 1,000 per sq.ft. The value increased by 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification for this area?

The land classification for Nagalapuram Road Up To Bus Depot is Commercial Class I Type - I, indicating its suitability for commercial activities.

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

The Oothukkottai Sub Registrar Office covers Nagalapuram Road Up To Bus Depot and is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.