Guideline Value for OOTHA VADAI STREET

Ootha Vadai Street guideline value

The current guideline value of Ootha Vadai Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village under the Pallipattu SRO, classified as Residential Class I Type - I.

How the guideline value of Ootha Vadai Street has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This figure increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

The register has no figures for Ootha Vadai Street in the years 2002, 2003, 2007, and 2012. Therefore, the only revisions available for this street are from 2017, 2023, and 2024, reflecting an overall increase of 50% from 2017 to 2024.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value is Rs 250 per sq.ft, making Ootha Vadai Street's 2024 figure equal to this median.

• Nalla Thaneer Kuzham Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kulam Street: Rs 250 per sq.ft (2024)
• Pillai Paliyam Street: Rs 250 per sq.ft (2024)
• Nagallamman Koil Street: Rs 250 per sq.ft (2024)
• Nadu Street: Rs 250 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 250 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 rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Please 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 covering Ootha Vadai Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Ootha Vadai Street?

The current guideline value of Ootha Vadai Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, and it remains at Rs 250 per sq.ft in the 2024 revision, showing an overall increase of 50% from 2017 to 2024.

What are the other streets with the same guideline value in Podaturpet?

Other streets in Podaturpet with the same guideline value of Rs 250 per sq.ft in 2024 include Nalla Thaneer Kuzham Street, Nalla Thaneer Kulam Street, Pillai Paliyam Street, Nagallamman Koil Street, Nadu Street, and Ponniyamman Koil Street.

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

For a property valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500.

Where can I find the Sub Registrar Office for Ootha Vadai Street?

The Sub Registrar Office for Ootha Vadai Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more information by visiting the relevant links.