Guideline Value for TOWNPANCHAYAT OFFICE BACKSIDE WEST MAIN STREET

Townpanchayat Office Backside West Main Street guideline value

The current guideline value for Townpanchayat Office Backside West Main Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Townpanchayat Office Backside West Main Street has changed

The guideline value for Townpanchayat Office Backside West Main Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following that, the value increased significantly by 49% to Rs 500 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, with no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the guideline value has shown a fluctuation from Rs 500 in 2012 to Rs 335 in 2017, and then back to Rs 500 in 2023 and 2024.

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 of Rs 500 per sq.ft. The guideline value for Townpanchayat Office Backside West Main Street is equal to this median.

• Townpanchayat Office Backside Main Street: Rs 500 per sq.ft (2024)
• Thiruvallur Road (Upto Petrol Bank): Rs 1,000 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Townpanchayat Office Backside West Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these fees Rs 45,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Townpanchayat Office Backside West Main Street?

The Sub Registrar Office that covers Townpanchayat Office Backside West Main Street 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 a crucial factor when registering property transactions in Uthukottai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standard value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Townpanchayat Office Backside West Main Street?

The current guideline value for Townpanchayat Office Backside West Main 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 changed from Rs 500 in 2012 to Rs 335 in 2017, then increased to Rs 500 in 2023 and has remained the same in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification for this street?

Townpanchayat Office Backside West Main Street is classified as Residential Class I Type - I.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7%.

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

The Sub Registrar Office for Townpanchayat Office Backside West Main Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.