Guideline Value for OLD POLICE STATION BACKSIDE STREET

Old Police Station Backside Street guideline value

The current guideline value of Old Police Station Backside Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Old Police Station Backside Street has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 500 per sq.ft, and the same figure was maintained in the 2024 revision, showing no change from the previous year.

Overall, from 2012 to 2024, the guideline value has seen no net change. The most significant change occurred between the 2017 and 2023 revisions, which recorded a 49% increase in value.

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 of Old Police Station Backside Street aligns with this median.

• Nehru Road (From Reddy Street To Old Police Station): Rs 750 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 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)

Stamp duty and registration fee for property in Old Police Station Backside Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Old Police Station Backside Street?

The Old Police Station Backside Street falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uthukottai, as it determines the minimum value at which a property can be registered. When buying or selling property, the registration office will use the guideline value to calculate applicable fees and taxes.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Old Police Station Backside Street?

The current guideline value of Old Police Station Backside Street is Rs 500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen fluctuations, with a notable decrease from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Old Police Station Backside Street?

Old Police Station Backside Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registrations for Old Police Station Backside Street?

The Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, handles property registrations for Old Police Station Backside Street.