Guideline Value for REDDIAR BURIALGROUND ROAD UPTO MELCITRAPAKKAM ANNANAGAR ROAD

Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road guideline value

The current guideline value for Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthukottai village, under the Oothukkottai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the value saw a significant increase to Rs 300 per sq.ft in the 2023 revision. The current 2024 revision also maintains this value at Rs 300 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a 49% increase in the guideline value. However, the overall change from 2012 to 2024 shows no percentage change, as the value returned to the same figure established in 2012. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

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. The median value for these streets is Rs 500 per sq.ft, placing Reddiar Burialground Road's current guideline value below that median.

• Reddiar Burialground 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)
• Rajaji Street: Rs 500 per sq.ft (2024)
• Sathyavedu Road: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road?

The Sub Registrar Office that covers Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical 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, ensuring that these costs are calculated based on a standardized value set by the government.

When a property transaction occurs, the guideline value helps in assessing the official value of the property, which is essential for legal documentation. Buyers and sellers must be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road?

The current guideline value for Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023 and remains at that value in 2024.

What is the land classification for this area?

The land classification for Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road is Residential Class III Type - I.

What are the stamp duty and registration fees?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000 and a registration fee of Rs 6,000.

Where is the Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.