Guideline Value for RAJAJI STREET

Rajaji Street guideline value

The current guideline value of Rajaji Street in Uthukottai village, under the Oothukkottai SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Rajaji Street has changed

Rajaji Street has seen several revisions in its guideline value over the years. The earliest recorded revision was in 2012, where the value was Rs 500 per sq.ft. This remained unchanged in the subsequent revision in 2017, where the value was Rs 335 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased to Rs 500 per sq.ft, reflecting a significant rise of 49%. The most recent revision in 2024 maintained this value at Rs 500 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for Rajaji Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 500 per sq.ft.

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. Rajaji Street's 2024 guideline value aligns perfectly with this median.

• Reddiar Burialground Road: Rs 300 per sq.ft (2024)
• Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road: Rs 300 per sq.ft (2024)
• Reddy Street: Rs 750 per sq.ft (2024)
• Roja Street: Rs 500 per sq.ft (2024)
• Rrr Avenue: Rs 400 per sq.ft (2024)
• Sathyavedu Road: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji 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, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Street?

The Sub Registrar Office that covers Rajaji Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajaji Street?

The current guideline value of Rajaji Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Rajaji Street has seen a decrease from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, followed by an increase to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Rajaji Street?

Rajaji Street falls under the Residential Class I Type - I land classification.

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

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 registrations for Rajaji Street?

The Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, handles registrations for Rajaji Street.