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

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

The current guideline value of Nehru Bajaar E.C.I.Church 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 Nehru Bajaar E.C.I.Church Street has changed

The guideline value for Nehru Bajaar E.C.I.Church Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was a decrease of 33% from the previous figure of Rs 335 per sq.ft in 2017. However, the value remained unchanged at Rs 500 per sq.ft in the 2023 and 2024 revisions, indicating a 0% change between these two years. The overall change from 2012 to 2024 is also 0%.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The significant change occurred between the 2017 and 2023 revisions, where the value increased by 49% from Rs 335 per sq.ft to 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. The median guideline value for these streets is Rs 500 per sq.ft, which is equal to the current value of Nehru Bajaar E.C.I.Church Street.

• Nehru Bajaar E.C.I.Church South Cross Street: Rs 400 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 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 information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Nehru Bajaar E.C.I.Church 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 plays a crucial role in the registration process when buying or selling property 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 a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Nehru Bajaar E.C.I.Church 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 remained at Rs 500 per sq.ft in the 2023 and 2024 revisions, while it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification for Nehru Bajaar E.C.I.Church Street?

The land classification for Nehru Bajaar E.C.I.Church Street is Residential Class I Type - I.

Which office handles registrations for this area?

The Oothukkottai Sub Registrar Office handles registrations for Nehru Bajaar E.C.I.Church Street, 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. The current rate is 7% for stamp duty and 2% for registration fees.