Guideline Value for VIVEKANANTHA 1st STREET

VIVEKANANTHA 1st STREET guideline value

The current guideline value of VIVEKANANTHA 1st STREET is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of VIVEKANANTHA 1st STREET has changed

The guideline value for VIVEKANANTHA 1st STREET has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft during the 2023 revision, and it remained the same in the 2024 revision, showing no percentage change between 2023 and 2024. Overall, from 2012 to 2024, the guideline value has seen no net change.

From 2017 to 2023, there was a notable increase of 49%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO with a guideline value for 2024 ranging from Rs 200 to Rs 1,000 per sq.ft. The median value is Rs 500 per sq.ft, making the guideline value of VIVEKANANTHA 1st STREET equal to this median.

• VIVEKANANTHA 2nd STREET: Rs 500 per sq.ft (2024)
• VIVEKANANTHA 3rd STREET: Rs 500 per sq.ft (2024)
• West Kalvaikarai: Rs 300 per sq.ft (2024)
• Townpanchayat Office Backside West Main Street: Rs 500 per sq.ft (2024)
• Townpanchayat Office Backside Main Street: Rs 500 per sq.ft (2024)
• Thiruvallur Road (Upto Petrol Bank): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in VIVEKANANTHA 1st 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, calculated at 7%, would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total 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.

For more details on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VIVEKANANTHA 1st STREET?

The Sub Registrar Office that covers VIVEKANANTHA 1st 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 plays a crucial role in the property registration process in Uthukottai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded at a value that reflects the current rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of VIVEKANANTHA 1st STREET?

The current guideline value of VIVEKANANTHA 1st STREET is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen changes, with the most recent revision in 2024 maintaining the value at Rs 500 per sq.ft. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the median guideline value in Uthukottai?

The median guideline value in Uthukottai is Rs 500 per sq.ft, which is the same as the guideline value for VIVEKANANTHA 1st STREET.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where can I find the Sub Registrar Office for VIVEKANANTHA 1st STREET?

The Oothukkottai Sub Registrar Office covers VIVEKANANTHA 1st STREET and is located near the government hospital in Uthukottai, 602026, Chennai registration zone.