Guideline Value for THIRUVALLUR ROAD (UPTO PETROL BANK)

Thiruvallur Road (Upto Petrol Bank) guideline value

The current guideline value for Thiruvallur Road (Upto Petrol Bank) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Thiruvallur Road (Upto Petrol Bank) has changed

The guideline value for Thiruvallur Road has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was set at Rs 1,000 per sq.ft. In the 2017 revision, the value decreased to Rs 670 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49% to reach Rs 1,000 per sq.ft again. The 2024 revision has maintained this value at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 1,000 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. The median guideline value for these streets is Rs 500 per sq.ft, placing Thiruvallur Road (Upto Petrol Bank) above this median value.

• Thiruvallur Road (From Petrol Bank To River Bank): Rs 750 per sq.ft (2024)
• Thiruvallur Road Balajinagar Main Street: Rs 500 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 (Upto Petrol Bank)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvallur Road (Upto Petrol Bank)?

The Sub Registrar Office that covers Thiruvallur Road (Upto Petrol Bank) 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 important factor when registering property in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must ensure that the sale price is equal to or higher than the guideline value to comply with registration regulations.

When purchasing property, the guideline value helps in assessing the overall cost involved in the transaction. This ensures transparency and fairness in property dealings, as both parties are aware of the minimum value that will be used for calculating the associated fees.

Frequently asked questions

What is the current guideline value for Thiruvallur Road (Upto Petrol Bank)?

The current guideline value for Thiruvallur Road (Upto Petrol Bank) is Rs 1,000 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 value of Rs 1,000 per sq.ft in 2024 remaining the same as in 2023. The value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification for Thiruvallur Road (Upto Petrol Bank)?

The land classification for Thiruvallur Road (Upto Petrol Bank) is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Thiruvallur Road (Upto Petrol Bank)?

The Oothukkottai Sub Registrar Office, which covers Thiruvallur Road (Upto Petrol Bank), is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.