Guideline Value for SATHYAVEDU ROAD GANDHI STREET

Sathyavedu Road Gandhi Street guideline value

The current guideline value of Sathyavedu Road Gandhi 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 Sathyavedu Road Gandhi Street has changed

Looking at the revisions, the guideline value for Sathyavedu Road Gandhi Street has seen several changes. In the 2012 revision, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased by 49% to Rs 500 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the only revisions that can be referenced are from 2012, 2017, 2023, and 2024.

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 among these streets is Rs 500 per sq.ft, which is equal to the 2024 guideline value of Sathyavedu Road Gandhi Street.

• Sathyavedu Road: Rs 750 per sq.ft (2024)
• Rrr Avenue: Rs 400 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Sathyavedu Road Gandhi 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 at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees together Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathyavedu Road Gandhi Street?

The Sathyavedu Road Gandhi Street falls under the jurisdiction of 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 that need to be paid at the time of registration.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathyavedu Road Gandhi Street?

The current guideline value of Sathyavedu Road Gandhi 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 changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Sathyavedu Road Gandhi Street?

The land classification for Sathyavedu Road Gandhi Street is Residential Class I Type - I.

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

For a property valued at Rs 5,00,000, the stamp duty is Rs 35,000 and the registration fee is Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Oothukkottai Sub Registrar Office located?

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