Guideline Value for REDDIAR BURIALGROUND ROAD

Reddiar Burialground Road guideline value

The current guideline value of Reddiar Burialground Road is Rs 300 per sq.ft, effective from 1 July 2024. This road 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 has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the value increased significantly by 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision also maintains the value at Rs 300 per sq.ft, reflecting a 0% change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 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. The guideline value of Reddiar Burialground Road is below this median.

• 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)
• 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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, together totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Reddiar Burialground Road?

The Sub Registrar Office that covers Reddiar Burialground 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 an essential factor during the registration of property transactions in Uthukottai. It is used to determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps in estimating the overall costs involved in the transaction. It is crucial for both buyers and sellers to be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Reddiar Burialground Road?

The current guideline value of Reddiar Burialground 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 seen various changes, including a decrease from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Uthukottai?

The median guideline value in Uthukottai is Rs 500 per sq.ft, with Reddiar Burialground Road's value being below this median.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Reddiar Burialground Road?

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