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Guideline Value

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Guideline Value for P.A.N Rajarathinam Salai 5th Street(G.A.Salai)

₹6600/sq.ft.

The guideline value for P.a.n Rajarathinam Salai 5th 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 ₹6000 /sq.ft.
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 5th Street(g.a.salai)

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P.A.N Rajarathinam Salai 5th Street(G.A.Salai) guideline value

The current guideline value of P.A.N Rajarathinam Salai 5th 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 jurisdiction of the Royapuram SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of P.A.N Rajarathinam Salai 5th Street(G.A.Salai) has changed

Over the years, the guideline value of P.A.N Rajarathinam Salai 5th Street(G.A.Salai) has seen several revisions. The 2007 revision set the value at Rs 1,250 per sq.ft, which then increased significantly to Rs 6,000 per sq.ft in the 2012 revision. However, there was a decrease to Rs 4,020 per sq.ft in the 2017 revision. The 2023 revision raised it to Rs 6,000 per sq.ft, followed by a further increase to Rs 6,600 per sq.ft in the 2024 revision. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

To summarize the changes: from 2007 to 2012, there was a remarkable increase of 380%. The value then decreased by 33% from 2012 to 2017. Following this, the value surged by 49% from 2017 to 2023. Finally, the increase from 2023 to 2024 was 10%. 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 that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing P.A.N Rajarathinam Salai 5th Street(G.A.Salai) above this median.

Stamp duty and registration fee for property in P.A.N Rajarathinam Salai 5th 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, charged at 7%, would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. It is important to note that 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 details.

Which Sub Registrar Office covers P.A.N Rajarathinam Salai 5th Street(G.A.Salai)?

The P.A.N Rajarathinam Salai 5th Street(G.A.Salai) is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which impacts the total cost of the transaction.

Frequently asked questions

What is the current guideline value of P.A.N Rajarathinam Salai 5th Street(G.A.Salai)?

The current guideline value of P.A.N Rajarathinam Salai 5th Street(G.A.Salai) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed 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% over the years.

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

Other streets in Tondaiarpet with the same guideline value of Rs 6,600 per sq.ft in 2024 include P.A.N Rajarathinam Salai 2nd, 3rd, 4th, 6th, 7th, and 8th Streets.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for property in P.A.N Rajarathinam Salai 5th Street(G.A.Salai)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000.