Guideline Value for VIVEKANANTHA 3rd STREET

VIVEKANANTHA 3rd STREET guideline value

The current guideline value of VIVEKANANTHA 3rd 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 VIVEKANANTHA 3rd STREET has changed

The guideline value for VIVEKANANTHA 3rd STREET has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then followed by a decrease to Rs 335 per sq.ft in the 2017 revision. This was a change of -33%. The value increased significantly to Rs 500 per sq.ft in the 2023 revision, maintaining that same figure in the 2024 revision, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the significant changes primarily occurred between the 2012, 2017, and subsequent revisions.

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 value of Rs 500 per sq.ft. VIVEKANANTHA 3rd STREET's 2024 guideline value aligns perfectly with this median.

• VIVEKANANTHA 2nd STREET: Rs 500 per sq.ft (2024)
• VIVEKANANTHA 1st 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 3rd 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, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers VIVEKANANTHA 3rd STREET?

The Sub Registrar Office that covers VIVEKANANTHA 3rd STREET is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is registered, the guideline value is used to calculate these fees, ensuring that both the buyer and seller are aware of the financial obligations associated with the transaction. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of VIVEKANANTHA 3rd STREET?

The current guideline value of VIVEKANANTHA 3rd 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 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value remains at Rs 500 per sq.ft.

What are the other streets in Uthukottai with similar guideline values?

Other streets in Uthukottai with a guideline value of Rs 500 per sq.ft include VIVEKANANTHA 1st STREET, VIVEKANANTHA 2nd STREET, Townpanchayat Office Backside West Main Street, and Townpanchayat Office Backside Main Street.

Where can I find the Sub Registrar Office for VIVEKANANTHA 3rd STREET?

The Oothukkottai Sub Registrar Office, which covers VIVEKANANTHA 3rd STREET, is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated for properties in Uthukottai?

Stamp duty for properties in Uthukottai is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.