Guideline Value for OOTHA VADAI STREET

Ootha Vadai Street guideline value

The current guideline value of Ootha Vadai Street is Rs 104 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Pallipattu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ootha Vadai Street has changed

The guideline value for Ootha Vadai Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 35 per sq.ft, which increased significantly to Rs 90 per sq.ft in 2012. However, it fell to Rs 60 per sq.ft in 2017. The 2023 revision marked a rise to Rs 100 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 104 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was an increase of 157%; from 2012 to 2017, the value decreased by 33%; from 2017 to 2023, it increased by 67%; and from 2023 to 2024, the guideline value rose by 4%. Overall, from 2007 to 2024, the guideline value has increased by 197%.

Guideline values in Kolathur

In Kolathur village, 18 streets under the Pallipattu SRO carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft, with a median value of Rs 104 per sq.ft. Ootha Vadai Street's 2024 figure aligns with this median.

• Nadu Street: Rs 104 per sq.ft (2024)
• Raja Street: Rs 104 per sq.ft (2024)
• Methu Street: Rs 104 per sq.ft (2024)
• Road Street: Rs 104 per sq.ft (2024)
• Saliyar Street: Rs 104 per sq.ft (2024)
• Sorakayapet (Thoppu Street): Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Ootha Vadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value would be Rs 1,04,000. The stamp duty at 7% would amount to Rs 7,280, and the registration fee at 2% would be Rs 2,080, making a total of Rs 9,360. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ootha Vadai Street?

The Sub Registrar Office that covers Ootha Vadai Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Ootha Vadai Street?

The current guideline value of Ootha Vadai Street is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, reflecting an overall increase of 197% over this period.

Where can I find the registration office for Ootha Vadai Street?

The registration office for Ootha Vadai Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

What are the stamp duty and registration fees for a property in Ootha Vadai Street?

For a property valued at Rs 1,04,000, the stamp duty would be Rs 7,280 and the registration fee would be Rs 2,080, totaling Rs 9,360.

What is the land classification of Ootha Vadai Street?

Ootha Vadai Street is classified as Residential Class I Type - I, indicating its designation for residential use within the local planning framework.