Guideline Value

Corporate

Guideline Value for OLD POST OFFICE ST

₹300/sq.ft.

The guideline value for Old Post Office St in Aswarevanthapuram village (Ramakrishna Rajupettai SRO, Chennai zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aswarevanthapuram

Village

Ramakrishna Rajupettai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹117 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Pallipattu Road, Rk Pettai 631 303
044-27845131
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Old Post Office St

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Old Post Office St guideline value

The current guideline value of Old Post Office St in Aswarevanthapuram village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Ramakrishna Rajupettai SRO and is classified as Residential Special Type - I.

How the guideline value of Old Post Office St has changed

In the 2017 revision, the guideline value for Old Post Office St was set at Rs 117 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The 2024 revision has retained the guideline value at Rs 300 per sq.ft, resulting in no percentage change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 156%, bringing the value from Rs 117 per sq.ft to Rs 300 per sq.ft. Overall, from 2017 to 2024, the guideline value has also increased by 156%, maintaining the same rate of Rs 300 per sq.ft since 2023.

Guideline values in Aswarevanthapuram

In Aswarevanthapuram, there are 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 300 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Old Post Office St.

Stamp duty and registration fee for property in Old Post Office St

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For further details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Old Post Office St?

The Sub Registrar Office that covers Old Post Office St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aswarevanthapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the guideline value.

When a property is sold, the sale price must be compared to the guideline value. If the sale price is higher than the guideline value, the stamp duty and registration fees will be calculated based on the sale price. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Old Post Office St?

The current guideline value of Old Post Office St is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 117 per sq.ft to Rs 300 per sq.ft in the 2023 and 2024 revisions, reflecting a total increase of 156%.

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

Other streets in Aswarevanthapuram with the same guideline value of Rs 300 per sq.ft include Mal Vannier St, Road Street, Kuttai St, Savadi St, School St, and Chittor Main Rd.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 3,00,000 and the sale price is higher, the duty will be charged on the sale price.

Where can I find the Sub Registrar Office for Old Post Office St?

The Sub Registrar Office for Old Post Office St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.