Guideline Value for Thottakkara Street

Thottakkara Street guideline value

The current guideline value of Thottakkara Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Thottakkara Street has changed

The guideline value for Thottakkara Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 100 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 700% rise. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The guideline value then saw a substantial increase to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, reflecting an increase of 180% from 2017 to 2023, with no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Thottakkara Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1400%.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Thottakkara Street's 2024 guideline value of Rs 1,500 per sq.ft is above this median.

• Thiruvalluvar Stret: Rs 900 per sq.ft (2024)
• Vadanalloor: Rs 700 per sq.ft (2024)
• Vaigundaperumal Koil Street: Rs 1,500 per sq.ft (2024)
• Thirumalay Nagar: Rs 501 per sq.ft (2024)
• Thirumalaiyapillai street: Rs 1,200 per sq.ft (2024)
• Thirumalaiyapillai Santhu: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thottakkara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thottakkara Street?

The Sub Registrar Office covering Thottakkara Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value is established by the Registration Department and reflects the market rates for various properties in the area.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is aligned with current property values, providing a fair basis for taxation.

Frequently asked questions

What is the current guideline value of Thottakkara Street?

The current guideline value of Thottakkara Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 100 per sq.ft to Rs 1,500 per sq.ft in 2024, marking an overall increase of 1400% over the years.

What are the stamp duty and registration fees for properties on Thottakkara Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 15,00,000, the total fees would be Rs 1,35,000.

Which office handles property registrations for Thottakkara Street?

The Uthiramerur Sub Registrar Office handles property registrations for Thottakkara Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the land classification for Thottakkara Street?

Thottakkara Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.