Guideline Value for TELEPHONE EXCHANGE STREET

Telephone Exchange Street guideline value

The current guideline value for Telephone Exchange Street in Uthukottai village, under the Oothukkottai SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Telephone Exchange Street has changed

The guideline value for Telephone Exchange Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision, where the value was Rs 335 per sq.ft. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft. The 2024 revision has maintained this value at Rs 500 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 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 the median value being Rs 500 per sq.ft. Telephone Exchange Street's 2024 figure aligns with this median.

• Telephone Exchange Cross Street: Rs 400 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 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, bringing the total cost to Rs 45,000. 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 Telephone Exchange Street?

The Sub Registrar Office covering Telephone Exchange Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your specific SRO, you can visit this link.

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

The guideline value is a crucial factor when registering property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Telephone Exchange Street?

The current guideline value for Telephone Exchange 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 remained at Rs 500 per sq.ft in the 2023 and 2024 revisions, but it increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% rise.

What is the land classification for Telephone Exchange Street?

Telephone Exchange Street is classified as Residential Class I Type - I, which indicates its suitability for residential developments.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 45,000 in fees.

Where is the Sub Registrar Office located for Telephone Exchange Street?

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