Guideline Value for WEST KALVAIKARAI

West Kalvaikarai guideline value

The current guideline value of West Kalvaikarai is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class III Type - I.

How the guideline value of West Kalvaikarai has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the value increased significantly by 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision has maintained the same figure of Rs 300 per sq.ft, indicating a 0% change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing West Kalvaikarai's 2024 figure below this median.

• VIVEKANANTHA 3rd STREET: Rs 500 per sq.ft (2024)
• VIVEKANANTHA 2nd STREET: Rs 500 per sq.ft (2024)
• VIVEKANANTHA 1st STREET: Rs 500 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 West Kalvaikarai

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers West Kalvaikarai?

The Sub Registrar Office that covers West Kalvaikarai is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Uthukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of West Kalvaikarai?

The current guideline value of West Kalvaikarai is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, decreasing to Rs 201 per sq.ft in 2017 and then increasing back to Rs 300 per sq.ft in 2023 and 2024.

What are the other streets in Uthukottai and their guideline values?

Other streets in Uthukottai include VIVEKANANTHA 1st, 2nd, and 3rd Streets, as well as Townpanchayat Office Backside Main and West Main Streets, all valued at Rs 500 per sq.ft. Thiruvallur Road (Upto Petrol Bank) is valued at Rs 1,000 per sq.ft.

What fees are associated with buying property in West Kalvaikarai?

When purchasing property in West Kalvaikarai, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for West Kalvaikarai located?

The Sub Registrar Office for West Kalvaikarai is located near the government hospital in Uthukottai, Chennai registration zone, with the postal code 602026.