Guideline Value for SRI UTHIRA VAIDHIYA LINGESWARAR NAGAR

Sri Uthira Vaidhiya Lingeswarar Nagar guideline value

The current guideline value for Sri Uthira Vaidhiya Lingeswarar Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is situated in Kattoor village under the Thiruporur SRO, classified as Commercial Class I Type - I.

How the guideline value of Sri Uthira Vaidhiya Lingeswarar Nagar has changed

Since the 2012 revision, the guideline value has seen various changes. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, returning to Rs 600 per sq.ft. The 2024 revision maintains this value at Rs 600 per sq.ft, showing no change from 2023.

There are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same, with an overall change of 0%.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,493 per sq.ft, with a median value of Rs 749 per sq.ft. The guideline value for Sri Uthira Vaidhiya Lingeswarar Nagar is below this median.

• Sterling Sundara Pandiam: Rs 602 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 250 per sq.ft (2024)
• Sri Arumugam Nagar: Rs 602 per sq.ft (2024)
• Sowndharya Avenue: Rs 300 per sq.ft (2024)
• V.G.P Gold Chip: Rs 1,269 per sq.ft (2024)
• Sai Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Uthira Vaidhiya Lingeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees together Rs 54,000. Please note that the 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 Sri Uthira Vaidhiya Lingeswarar Nagar?

The Sub Registrar Office that covers Sri Uthira Vaidhiya Lingeswarar Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kattoor

The guideline value is a crucial factor when buying or selling property in Kattoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to understand that the guideline value reflects the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Uthira Vaidhiya Lingeswarar Nagar?

The current guideline value for Sri Uthira Vaidhiya Lingeswarar Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 in 2012 to Rs 402 in 2017, then back to Rs 600 in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification for Sri Uthira Vaidhiya Lingeswarar Nagar?

Sri Uthira Vaidhiya Lingeswarar Nagar is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Thiruporur Sub Registrar Office covers Sri Uthira Vaidhiya Lingeswarar Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft would incur specific fees totaling Rs 54,000.