Guideline Value for NEHRU BAJAAR E.C.I.CHURCH WEST LANE

Nehru Bajaar E.C.I.Church West Lane guideline value

The current guideline value of Nehru Bajaar E.C.I.Church West Lane is Rs 400 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 II Type - I.

How the guideline value of Nehru Bajaar E.C.I.Church West Lane has changed

The guideline value for Nehru Bajaar E.C.I.Church West Lane has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 268 per sq.ft, marking a decrease of 33% from the previous revision. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. The 2024 revision has also maintained this value at Rs 400 per sq.ft, showing no change from 2023.

There are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 400 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. Nehru Bajaar E.C.I.Church West Lane's 2024 figure of Rs 400 per sq.ft is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling 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 West Lane?

The Sub Registrar Office that covers Nehru Bajaar E.C.I.Church West Lane 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 property transactions in Uthukottai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for anyone looking to register property in Uthukottai. It ensures that all parties involved in the transaction are aware of the financial obligations associated with the sale.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has undergone several revisions. It was Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and then increased back to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for this area?

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

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at the rate of 7%.