Guideline Value for OTTERI EXTN

Otteri Extn guideline value

The current guideline value of Otteri Extn is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) in the Chengalpattu zone, and the land classification is Mixed Special Type - I.

How the guideline value of Otteri Extn has changed

The guideline value of Otteri Extn has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, between the 2012 and 2017 revisions, there was a decrease to Rs 1,340 per sq.ft, marking a decline of 33%. The subsequent 2017 to 2023 revision saw a significant increase of 49%, bringing the value back up to Rs 2,000 per sq.ft.

The register contains no figures for the years 2002, 2003, 2007, and 2024 for this street. Overall, from 2012 to 2023, the guideline value has remained the same, with no net change.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. The guideline value for Otteri Extn at Rs 2,000 per sq.ft is reflective of the area's status under the Gooduvancheri SRO. There are no other streets in Vandalur listed with their respective rates.

Stamp duty and registration fee for property in Otteri Extn

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty is charged at 7%, totaling Rs 1,40,000, while the registration fee is 2%, amounting to Rs 40,000. Together, the total cost for stamp duty and registration fee comes to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Otteri Extn?

The Otteri Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is referred to for calculating the necessary fees, which are based on the higher of the guideline value or the actual sale price. This ensures that all transactions are documented accurately and transparently.

Frequently asked questions

What is the current guideline value of Otteri Extn?

The current guideline value of Otteri Extn is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then back to Rs 2,000 per sq.ft in 2023. Overall, there has been no net change from 2012 to 2023.

What is the stamp duty rate for property in Otteri Extn?

The stamp duty rate for property transactions in Otteri Extn is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that the fees are based on the higher of the guideline value or the actual sale price, facilitating accurate documentation and revenue collection.