Guideline Value for RRR AVENUE

Rrr Avenue guideline value

The current guideline value of Rrr Avenue is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai Sub Registrar Office. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rrr Avenue has changed

The guideline value for Rrr Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which was then increased to Rs 400 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 400 per sq.ft, indicating no change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting a consistent valuation in recent years.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO with 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 Rrr Avenue's 2024 figure below this median.

• Roja Street: Rs 500 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 Rrr Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 more information.

Which Sub Registrar Office covers Rrr Avenue?

The Sub Registrar Office that covers Rrr Avenue 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 during the registration of property transactions in Uthukottai. It helps determine the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value serves as a benchmark for calculating the fees. It is essential to be aware of these values to ensure compliance with local regulations and to avoid any potential issues during the transaction process.

Frequently asked questions

What is the current guideline value of Rrr Avenue?

The current guideline value of Rrr Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rrr Avenue has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, reflecting a 49% increase over this period.

What are the guideline values of other streets in Uthukottai?

Other streets in Uthukottai have varying guideline values, with rates ranging from Rs 200 to Rs 1,000 per sq.ft. For example, Roja Street has a value of Rs 500 per sq.ft, while Reddy Street is at Rs 750 per sq.ft.

What fees are involved in registering property in Rrr Avenue?

When registering property in Rrr Avenue, you will need to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Rrr Avenue?

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