Guideline Value for SOUTH KALVAIKARAI

South Kalvaikarai guideline value

The current guideline value of South Kalvaikarai is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthukottai village and falls under the Oothukkottai SRO, classified as Residential Class III Type - I.

How the guideline value of South Kalvaikarai has changed

In the 2012 revision, the guideline value for South Kalvaikarai 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 increased significantly to Rs 300 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

It is important to note that there are no figures available 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 for South Kalvaikarai is below this median.

• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sriram Nagar: Rs 500 per sq.ft (2024)
• Sathyavedu Road Gandhi Street: Rs 500 per sq.ft (2024)
• Sathyavedu Road: Rs 750 per sq.ft (2024)
• Taluk Office Street: Rs 500 per sq.ft (2024)
• Telephone Exchange Cross Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in South Kalvaikarai

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, making the total fees Rs 27,000. 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 South Kalvaikarai?

The Sub Registrar Office that covers South Kalvaikarai 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 property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. It is crucial to consider the guideline value when planning any property dealings in the area.

Frequently asked questions

What is the current guideline value of South Kalvaikarai?

The current guideline value of South Kalvaikarai is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for South Kalvaikarai has seen several revisions, with the most recent being Rs 300 per sq.ft in 2024 and 2023. The value was Rs 201 per sq.ft in 2017 and was Rs 300 per sq.ft in 2012.

What is the stamp duty for property in South Kalvaikarai?

The stamp duty for property in South Kalvaikarai is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

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.

What is the land classification for South Kalvaikarai?

South Kalvaikarai is classified as Residential Class III Type - I according to the guideline value register.