Guideline Value for Chinnappa Rawther Street

Chinnappa Rawther Street guideline value

The current guideline value of Chinnappa Rawther Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Chinnappa Rawther Street has changed

Over the years, the guideline value of Chinnappa Rawther Street has seen significant changes. In the 2007 revision, the value was set at Rs 1,145 per sq.ft. This figure increased dramatically to Rs 6,000 per sq.ft in both the 2012 and 2023 revisions, indicating no change during that period. The most recent revision in 2024 has raised the guideline value to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 476%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Triplicane

Chinnappa Rawther Street's guideline value of Rs 6,600 per sq.ft is equal to the median guideline value of Rs 6,600 per sq.ft among the 415 streets in Triplicane under the Triplicane SRO, which range from Rs 2,700 to Rs 20,900 per sq.ft.

• Chinnathambi Street: Rs 6,600 per sq.ft (2024)
• Chengalvarayan Mudali Street: Rs 6,600 per sq.ft (2024)
• Chella Pillaiyar Koil Street: Rs 7,700 per sq.ft (2024)
• Chella Pillaiyar Koil 3rd Street / Lane: Rs 6,600 per sq.ft (2024)
• Chella Pillaiyar Koil 2nd Street / Lane: Rs 6,600 per sq.ft (2024)
• Chella Pillaiyar Koil 1st Street / Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa Rawther Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. 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 Chinnappa Rawther Street?

The Sub Registrar Office that covers Chinnappa Rawther Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should consider the guideline value when negotiating the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chinnappa Rawther Street?

The current guideline value of Chinnappa Rawther Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting a total increase of 476% over the years.

What are the other streets with the same guideline value in Triplicane?

Other streets in Triplicane with the same guideline value of Rs 6,600 per sq.ft include Chinnathambi Street, Chengalvarayan Mudali Street, Chella Pillaiyar Koil 3rd Street / Lane, Chella Pillaiyar Koil 2nd Street / Lane, and Chella Pillaiyar Koil 1st Street / Lane.

Where is the Sub Registrar Office for Chinnappa Rawther Street located?

The Sub Registrar Office covering Chinnappa Rawther Street is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Triplicane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the same basis.