Guideline Value for TELEPHONE EXCHANGE CROSS STREET

Telephone Exchange Cross Street guideline value

The current guideline value of Telephone Exchange Cross Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class II Type - I.

How the guideline value of Telephone Exchange Cross Street has changed

The guideline value for Telephone Exchange Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. In 2017, the value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, it rose significantly to Rs 400 per sq.ft in both the 2023 and 2024 revisions, resulting in an overall increase of 49% from 2017 to 2023, but no change from 2023 to 2024.

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 most recent revisions show the guideline value stabilizing at Rs 400 per sq.ft since 2012.

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. Telephone Exchange Cross Street's 2024 figure is below this median.

• Telephone Exchange Street: Rs 500 per sq.ft (2024)
• Taluk Office Street: Rs 500 per sq.ft (2024)
• THIRUVALLUR ROAD BALAJINAGAR 1st LANE: Rs 400 per sq.ft (2024)
• THIRUVALLUR ROAD BALAJINAGAR 2nd LANE: Rs 400 per sq.ft (2024)
• THIRUVALLUR ROAD BALAJINAGAR 3rd LANE: Rs 400 per sq.ft (2024)
• Thiruvallur Road Balajinagar Cross Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Exchange Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the 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, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Telephone Exchange Cross Street?

The Sub Registrar Office covering Telephone Exchange Cross Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, with the postal code 602026. 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 critical factor in the registration process when buying or selling property in Uthukottai. It serves as a basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value is compared to the sale price to determine the applicable fees. If the sale price is higher than the guideline value, the fees will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Telephone Exchange Cross Street?

The current guideline value of Telephone Exchange Cross Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Telephone Exchange Cross Street?

Telephone Exchange Cross Street is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

What are the stamp duty rates for properties in Telephone Exchange Cross Street?

The stamp duty rate for properties in Telephone Exchange Cross Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Telephone Exchange Cross Street?

The Sub Registrar Office for Telephone Exchange Cross Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, postal code 602026.