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Guideline Value

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Guideline Value for P.A.N Rajarathinam Salai 3rd Street(G.A.Salai)

₹6600/sq.ft.

The guideline value for P.a.n Rajarathinam Salai 3rd Street(g.a.salai) in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 P.a.n Rajarathinam Salai 3rd Street(g.a.salai)

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P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) guideline value

The current guideline value for P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Commercial Class I Type - II.

How the guideline value of P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) has changed

The guideline value for P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) has seen significant changes over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased to Rs 4,020 per sq.ft in 2017, marking a substantial increase of 222%. The value then rose to Rs 6,000 per sq.ft in 2023, reflecting a 49% increase from the previous revision. As of the 2024 revision, the guideline value stands at Rs 6,600 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 428%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, where the median value is Rs 1,600 per sq.ft. The guideline value for P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) is above this median.

Stamp duty and registration fee for property in P.A.N Rajarathinam Salai 3rd Street(G.A.Salai)

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, and the registration fee at 2% would be Rs 1,32,000, making the total cost 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers P.A.N Rajarathinam Salai 3rd Street(G.A.Salai)?

The P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) falls under the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees during the registration of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the costs associated with the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of P.A.N Rajarathinam Salai 3rd Street(G.A.Salai)?

The current guideline value for P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly, from Rs 1,250 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 428%.

What are the stamp duty rates applicable in Tondaiarpet?

The stamp duty rate in Tondaiarpet is 7%, which is applied to the higher of the guideline value or the sale price during property registration.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering P.A.N Rajarathinam Salai 3rd Street(G.A.Salai) is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

Are there other streets with the same guideline value in Tondaiarpet?

Yes, several other streets in Tondaiarpet also have a guideline value of Rs 6,600 per sq.ft in 2024, including P.A.N Rajarathinam Salai 2nd Street, P.A.N Rajarathinam Salai 4th Street, and others.