Guideline Value for NEHRU BAJAAR E.C.I.CHURCH SOUTH CROSS STREET

Nehru Bajaar E.C.I.Church South Cross Street guideline value

The current guideline value for Nehru Bajaar E.C.I.Church South Cross Street is Rs 400 per sq.ft. This street is located in Uthukottai village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nehru Bajaar E.C.I.Church South Cross Street has changed

The guideline value for Nehru Bajaar E.C.I.Church South Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then dropped to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and no change from 2023 to 2024.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained at Rs 400 per sq.ft.

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, with a median value of Rs 500 per sq.ft. The guideline value for Nehru Bajaar E.C.I.Church South Cross Street is below this median.

• Nehru Bajaar E.C.I.Church Street: Rs 500 per sq.ft (2024)
• Nehru Bajaar E.C.I.Church West Lane: Rs 400 per sq.ft (2024)
• Nehru Bajaar (From Old Police Station To Anna Statue): Rs 1,000 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 E.C.I.Church South Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Bajaar E.C.I.Church South Cross Street?

The Sub Registrar Office covering Nehru Bajaar E.C.I.Church South Cross 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is registered at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nehru Bajaar E.C.I.Church South Cross Street?

The current guideline value of Nehru Bajaar E.C.I.Church South Cross Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024. The increase from 2017 to 2023 was 49%.

What is the land classification for this street?

The land classification for Nehru Bajaar E.C.I.Church South Cross Street is Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for this area?

The registration office for Nehru Bajaar E.C.I.Church South Cross Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai.

How is the 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. For example, a property with a guideline value of Rs 4,00,000 would incur a stamp duty of Rs 28,000 at the current rate of 7%.