Guideline Value for OTTAVADAISTREET

Ottavadaistreet guideline value

The current guideline value of Ottavadaistreet is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kodivalasa village and falls under the Pallipattu Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Ottavadaistreet has changed

The guideline value for Ottavadaistreet has seen several revisions over the years. In the 2007 revision, the value was Rs 60 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision. However, it then decreased to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, and the current 2024 revision has kept it the same at Rs 200 per sq.ft. The register has no figure for this street in 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 233%. The changes between the revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a remarkable 233% increase from 2007 to 2012.

Guideline values in Kodivalasa

Kodivalasa village has 17 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft. The median value is Rs 200 per sq.ft, placing Ottavadaistreet's 2024 figure at the median level.

• Oddar Street: Rs 200 per sq.ft (2024)
• PILLYARKOIL St.,: Rs 200 per sq.ft (2024)
• MUNIYAPPAMUDALI St.,: Rs 200 per sq.ft (2024)
• Mettustreet: Rs 250 per sq.ft (2024)
• Ramannastreet: Rs 200 per sq.ft (2024)
• Santhusteeet: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ottavadaistreet

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ottavadaistreet?

The Sub Registrar Office that covers Ottavadaistreet 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 Kodivalasa

The guideline value plays a crucial role during the registration of property transactions in Kodivalasa. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the registration fees are calculated accurately. This value helps in standardizing property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ottavadaistreet?

The current guideline value of Ottavadaistreet is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and has remained at Rs 200 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for Ottavadaistreet?

Ottavadaistreet is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Pallipattu Sub Registrar Office located?

The Pallipattu Sub Registrar Office is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is stamp duty calculated for properties in Ottavadaistreet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft has a guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.