Guideline Value for NEHRU BAJAAR (FROM OLD POLICE STATION TO ANNA STATUE)

Nehru Bajaar (From Old Police Station To Anna Statue) guideline value

The current guideline value for Nehru Bajaar (From Old Police Station To Anna Statue) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the jurisdiction of the Oothukkottai SRO, and falls under the Commercial Class I Type - I land classification.

How the guideline value of Nehru Bajaar (From Old Police Station To Anna Statue) has changed

The guideline value for Nehru Bajaar 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 Rs 670 per sq.ft recorded in the 2017 revision. Following this, the value remained unchanged at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no percentage change between these two years.

Notably, from the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, when comparing the 2012 revision to the current 2024 revision, the guideline value has remained stable with an overall change of 0%.

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 across these streets is Rs 500 per sq.ft, placing Nehru Bajaar (From Old Police Station To Anna Statue) above the median with its current rate of Rs 1,000 per sq.ft.

• Nehru Bajaar E.C.I.Church West Lane: Rs 400 per sq.ft (2024)
• Nehru Bajaar E.C.I.Church Street: Rs 500 per sq.ft (2024)
• Nehru Bajaar E.C.I.Church South Cross Street: Rs 400 per sq.ft (2024)
• Nehru Road (From Reddy Street To Old Police Station): Rs 750 per sq.ft (2024)
• Nagalapuram Road Up To Bus Depot: Rs 1,000 per sq.ft (2024)
• Nagalapuram Road Police Station Opposide Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Bajaar (From Old Police Station To Anna Statue)

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 cost for these fees 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Bajaar (From Old Police Station To Anna Statue)?

The Sub Registrar Office that covers Nehru Bajaar (From Old Police Station To Anna Statue) is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Uthukottai, the guideline value is a critical factor in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of property transactions. Understanding this value helps in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Nehru Bajaar (From Old Police Station To Anna Statue)?

The current guideline value of Nehru Bajaar (From Old Police Station To Anna Statue) 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 changed significantly from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, with various revisions occurring in between. Notably, there was a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

What are the stamp duty and registration fees for properties in Nehru Bajaar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Nehru Bajaar?

The Oothukkottai Sub Registrar Office handles registrations for Nehru Bajaar (From Old Police Station To Anna Statue). It is located near the government hospital in Uthukottai.

What is the land classification for Nehru Bajaar?

The land classification for Nehru Bajaar (From Old Police Station To Anna Statue) is Commercial Class I Type - I, which indicates its suitability for commercial activities.