Guideline Value for NorthRatha Veethi

NorthRatha Veethi guideline value

The current guideline value of NorthRatha Veethi is Rs 1,760 per sq.ft. This street is located in Anakaputhur village, which falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of NorthRatha Veethi has changed

The guideline value for NorthRatha Veethi has undergone several revisions over the years. In 2003, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, there was a significant rise to Rs 1,072 per sq.ft in 2017. The 2023 revision set the value at Rs 1,600 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,760 per sq.ft.

From 2003 to 2024, the overall increase in guideline value is 588%. The changes between revisions are notable: from 2003 to 2007, the increase was 17%; from 2007 to 2017, it surged by 257%; and from 2017 to 2023, the rise was 49%. The latest revision from 2023 to 2024 saw a 10% increase.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing NorthRatha Veethi's 2024 guideline value below that median.

• Nyaniyar Nagar: Rs 2,350 per sq.ft (2024)
• Nethaji Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Nethaji Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Netaji Nagar: Rs 1,760 per sq.ft (2024)
• Nesamani Street: Rs 1,760 per sq.ft (2024)
• Pachaiamman Koil Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in NorthRatha Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total fees together Rs 1,58,400. 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 NorthRatha Veethi?

The Sub Registrar Office that covers NorthRatha Veethi is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of NorthRatha Veethi?

The current guideline value of NorthRatha Veethi is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an increase of 588% overall.

What are the stamp duty and registration fees for property in NorthRatha Veethi?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers NorthRatha Veethi?

The Pammal Sub Registrar Office covers NorthRatha Veethi, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for NorthRatha Veethi?

NorthRatha Veethi is classified as Residential Class II Type - I, indicating its use for residential purposes.