Guideline Value for THIRUVALLUR ROAD (FROM PETROL BANK TO RIVER BANK)

Thiruvallur Road (From Petrol Bank To River Bank) guideline value

The current guideline value for Thiruvallur Road (From Petrol Bank To River Bank) is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai SRO, classified as Commercial Class I Type - II.

How the guideline value of Thiruvallur Road (From Petrol Bank To River Bank) has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the 2017 revision where it dropped to Rs 502 per sq.ft. In 2023, the value returned to Rs 750 per sq.ft, and the most recent 2024 revision has kept it at Rs 750 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the values from 2012 to 2024 shows no change, as it remains at Rs 750 per sq.ft.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft. The median value across these streets is Rs 500 per sq.ft, placing the Thiruvallur Road (From Petrol Bank To River Bank) guideline value above this median.

• Thiruvallur Road Balajinagar Main Street: Rs 500 per sq.ft (2024)
• Thiruvallur Road (Upto Petrol Bank): Rs 1,000 per sq.ft (2024)
• Thiruvallur Road Balajinagar Cross Street: Rs 400 per sq.ft (2024)
• THIRUVALLUR ROAD BALAJINAGAR 3rd LANE: Rs 400 per sq.ft (2024)
• THIRUVALLUR ROAD BALAJINAGAR 2nd LANE: Rs 400 per sq.ft (2024)
• THIRUVALLUR ROAD BALAJINAGAR 1st LANE: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Road (From Petrol Bank To River Bank)

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. 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 details.

Which Sub Registrar Office covers Thiruvallur Road (From Petrol Bank To River Bank)?

The Thiruvallur Road (From Petrol Bank To River Bank) is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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 applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Thiruvallur Road (From Petrol Bank To River Bank)?

The current guideline value for Thiruvallur Road (From Petrol Bank To River Bank) is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing no change from 2023 to 2024. The value was Rs 502 per sq.ft in 2017 and returned to Rs 750 per sq.ft in 2023.

What are the registration fees for properties on this road?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500, and the registration fee would be Rs 15,000, totaling Rs 67,500.

Where is the Oothukkottai Sub Registrar Office located?

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

What is the median guideline value for streets in Uthukottai?

The median guideline value for streets in Uthukottai is Rs 500 per sq.ft, with the Thiruvallur Road (From Petrol Bank To River Bank) value being above this median.