Guideline Value for NEHRU ROAD (FROM REDDY STREET TO OLD POLICE STATION)

Nehru Road (From Reddy Street To Old Police Station) guideline value

The current guideline value of Nehru Road (From Reddy Street To Old Police Station) is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Commercial Class I Type - II.

How the guideline value of Nehru Road (From Reddy Street To Old Police Station) has changed

The guideline value for Nehru Road has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. Following that, the value increased significantly by 49% to Rs 750 per sq.ft in the 2023 revision. The 2024 revision has maintained this figure at Rs 750 per sq.ft, showing no change from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained the same.

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. The guideline value for Nehru Road (From Reddy Street To Old Police Station) is above this median.

• Nehru Bajaar (From Old Police Station To Anna Statue): Rs 1,000 per sq.ft (2024)
• 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)
• 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 Road (From Reddy Street To Old Police Station)

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Road (From Reddy Street To Old Police Station)?

The Sub Registrar Office covering Nehru Road (From Reddy Street To Old Police Station) 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 in the property registration process in Uthukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which means that understanding the guideline value is essential for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Nehru Road (From Reddy Street To Old Police Station)?

The current guideline value of Nehru Road (From Reddy Street To Old Police Station) is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 750 per sq.ft in 2023 and 2024. The value was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What is the land classification of Nehru Road (From Reddy Street To Old Police Station)?

Nehru Road (From Reddy Street To Old Police Station) is classified as Commercial Class I Type - II. This classification can affect the types of developments allowed in the area.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone. This office handles all property registrations for the area.

How is the guideline value used for stamp duty calculation?

The guideline value is used to calculate stamp duty and registration fees during property transactions. The duty is charged based on the higher of the guideline value or the actual sale price, which is important for buyers and sellers to consider.