Guideline Value for ROJA STREET

Roja Street guideline value

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

How the guideline value of Roja Street has changed

The guideline value of Roja Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 335 per sq.ft. However, the value increased significantly in 2023 to Rs 500 per sq.ft, and this figure has remained the same through to the 2024 revision.

Between the revisions, the changes were notable. From 2012 to 2017, the guideline value decreased by 33%. Then, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining 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. Roja Street's 2024 guideline value is equal to this median.

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

Stamp duty and registration fee for property in Roja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty is charged at 7%, which amounts to Rs 35,000, and the registration fee is charged at 2%, which is Rs 10,000. Together, the total fees would be Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Roja Street?

The Sub Registrar Office that covers Roja 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 information.

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 registered, the guideline value is used to calculate the fees, ensuring that they are based on a standardized valuation rather than the sale price alone. This helps maintain consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Roja Street?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, with significant increases and decreases in different revisions. From 2012 to 2017, it decreased by 33%, then increased by 49% from 2017 to 2023, and has remained unchanged at Rs 500 per sq.ft since then.

What is the land classification for Roja Street?

Roja Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft, the total fees would be Rs 45,000.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find more information by following the provided link.