Guideline Value for Dr. Rajamannar Salai

Dr. Rajamannar Salai guideline value

The current guideline value of Dr. Rajamannar Salai is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Mixed Type - I land.

How the guideline value of Dr. Rajamannar Salai has changed

The guideline value for Dr. Rajamannar Salai has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 2,120 per sq.ft. This increased significantly to Rs 8,000 per sq.ft in 2012, marking a 277% rise. However, it then dropped to Rs 5,360 per sq.ft in 2017, reflecting a decrease of 33%. The value continued to rise, reaching Rs 8,000 per sq.ft in 2023, and then increased again to Rs 8,800 per sq.ft in 2024, a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 315%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 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 value is Rs 4,900 per sq.ft, placing Dr. Rajamannar Salai's 2024 figure above that median.

• Dr. Radhakrishnan Street (JPT): Rs 4,100 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)
• Dr. P.T. Rajan Salai: Rs 9,900 per sq.ft (2024)
• Dr. Natesan Salai: Rs 7,700 per sq.ft (2024)
• Dr. Subbarayan Nagar 1st Main Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Rajamannar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000. Together, the total cost for these fees would be Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Dr. Rajamannar Salai?

The Sub Registrar Office that covers Dr. Rajamannar Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Kodambakkam. When buying or selling property, this value is crucial for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. Ensuring compliance with these values is important for a smooth registration process.

Frequently asked questions

What is the current guideline value of Dr. Rajamannar Salai?

The current guideline value of Dr. Rajamannar Salai is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,120 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 315% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000, and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles registrations for Dr. Rajamannar Salai?

The Ashok Nagar Sub Registrar Office manages registrations for Dr. Rajamannar Salai, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Dr. Rajamannar Salai's current value being above this median.