Guideline Value for CHINNA RATHINAM STREET

Chinna Rathinam Street guideline value

The current guideline value of Chinna Rathinam Street is Rs 2,200 per sq.ft. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Chinna Rathinam Street has changed

The guideline value for Chinna Rathinam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 2,000 per sq.ft, and the most recent 2024 revision has set it at Rs 2,200 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The change from 2023 to 2024 represents a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Chinna Rathinam Street.

• Chinnamman Kovil Street: Rs 3,300 per sq.ft (2024)
• Chunnambukara Street-4: Rs 2,200 per sq.ft (2024)
• Court Compound Ward-1: Rs 2,200 per sq.ft (2024)
• Cement Gst Salai: Rs 4,400 per sq.ft (2024)
• Ceebros Garden City: Rs 1,733 per sq.ft (2024)
• Desigar Koil Sannathi Ward-2: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Rathinam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chinna Rathinam Street?

The Sub Registrar Office that covers Chinna Rathinam Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Chengalpattu Natham. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When purchasing property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This ensures transparency and helps in the assessment of taxes associated with property transactions.

Frequently asked questions

What is the current guideline value of Chinna Rathinam Street?

The current guideline value of Chinna Rathinam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then back to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has increased it to Rs 2,200 per sq.ft.

What are the other streets in Chengalpattu Natham with similar guideline values?

Other streets in Chengalpattu Natham with a guideline value of Rs 2,200 per sq.ft include Chunnambukara Street-4 and Court Compound Ward-1.

How is the stamp duty calculated for properties in Chinna Rathinam Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would be Rs 1,54,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Chinna Rathinam Street?

The Sub Registrar Office for Chinna Rathinam Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.