A computational investigation over structural, electronic, optical, thermal, thermoelectric and elastic properties of the bulk and layered phases of perovskite compound namely SrTiO3 have been computed using WIEN2K code by means of Full-potential (FP) Linearized Augmented Plane Wave (LAPW) method implemented from DFT (Density Functional Theory) by applying Generalized Gradient Approximations (GGA), Local Density Approximations (LDA), modified Becke Johnson (mBJ) and Spin Orbit Coupling (SOC) computations. Further on this study we made surface structure of this compound by creating a supercell with various distances between the layers and compared their properties with bulk SrTiO3. The layered surfaces of SrTiO3 with varying distances are (i) single top layer (ii) double SrTiO3 layers with 5 a.u. distance (iii) double SrTiO3 layers with 18 a.u. distance have been constructed using the Struct editor program implemented in the WIEN2k code. The structural parameters viz., lattice constant, bond length, bond angles, formation energy, the electronic parameters such as band gap, Density of States (DoS), band structure and optical fundamental constants like dielectric function, optical conductivity, refraction, transmittance, absorbance, resistivity, reflectivity, Phonon dispersion curves and thermal properties such as Debye temperature, entropy, Gibbs free optimized energy (stabled / optimized state), thermoelectric properties such as Seebeck coefficient, Power factor, thermoelectric figure of merit, Pugh's ratio, elastic constants, modulus of elasticity and stiffness matrix have been computed and available results are compared and agreed well with the literature. The SrTiO3 bulk and layered surface exhibits direct band gap located at the Γ symmetry point of the Brillouin zone. From all the above analysis the layered materials with optimum variation of distances (double layers with 5 a.u) are predominantly favorable and efficient than bulk SrTiO3 for optoelectronic devices.