Guideline Value for Dr. P.T. Rajan Salai

Dr. P.T. Rajan Salai guideline value

The current guideline value of Dr. P.T. Rajan Salai is Rs 9,900 per sq.ft, effective from the 2024 revision. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dr. P.T. Rajan Salai has changed

The guideline value for Dr. P.T. Rajan Salai has seen several revisions over the years. In 2007, the value was Rs 4,800 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012. However, there was a decrease to Rs 6,030 per sq.ft in 2017. The value then rose sharply to Rs 9,000 per sq.ft in 2023, and currently stands at Rs 9,900 per sq.ft from the 2024 revision. Notably, the register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 106%, reflecting the changes in property valuation in this area.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current value of Dr. P.T. Rajan Salai above this median.

• Dr. Natesan Salai: Rs 7,700 per sq.ft (2024)
• Dr. Radhakrishnan Street (JPT): Rs 4,100 per sq.ft (2024)
• Dr. Rajamannar Salai: Rs 8,800 per sq.ft (2024)
• Dr. Lakshmanasamy Salai: Rs 8,800 per sq.ft (2024)
• Dr. Ramasamy Mudhaliyar Salai: Rs 7,700 per sq.ft (2024)
• Dr. Ramasamy Salai: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. P.T. Rajan Salai

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. P.T. Rajan Salai?

The Sub Registrar Office that covers Dr. P.T. Rajan Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Accurate knowledge of this value helps in ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Dr. P.T. Rajan Salai?

The current guideline value of Dr. P.T. Rajan Salai is Rs 9,900 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,800 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 106% over this period.

What is the land classification for Dr. P.T. Rajan Salai?

The land classification for Dr. P.T. Rajan Salai is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Dr. P.T. Rajan Salai?

The Sub Registrar Office for Dr. P.T. Rajan Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Dr. P.T. Rajan Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at a rate of 7%.