Guideline Value for P.A.N Rajarathinam Salai 6th Street(G.A.Salai)

P.A.N Rajarathinam Salai 6th Street(G.A.Salai) guideline value

The current guideline value of P.A.N Rajarathinam Salai 6th 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, and it falls under the Commercial Class I Type - II land classification.

How the guideline value of P.A.N Rajarathinam Salai 6th Street(G.A.Salai) has changed

The guideline value for P.A.N Rajarathinam Salai 6th Street(G.A.Salai) has seen several changes over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in the 2012 revision, marking a rise of 380%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, a decline of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and most recently, it increased by 10% to the current rate of Rs 6,600 per sq.ft in 2024.

In summary, the guideline value has increased from Rs 1,250 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, which is a total increase of 428%. The revisions for the years 2002 and 2003 do not have any figures available for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making the current value of Rs 6,600 per sq.ft for P.A.N Rajarathinam Salai 6th Street(G.A.Salai) notably above the median.

• P.A.N Rajarathinam Salai 5th Street(G.A.Salai): Rs 6,600 per sq.ft (2024)
• P.A.N Rajarathinam Salai 7th Street(G.A.Salai): Rs 6,600 per sq.ft (2024)
• P.A.N Rajarathinam Salai 4th Street(G.A.Salai): Rs 6,600 per sq.ft (2024)
• P.A.N Rajarathinam Salai 8th Street(G.A.Salai): Rs 6,600 per sq.ft (2024)
• P.A.N Rajarathinam Salai 3rd Street(G.A.Salai): Rs 6,600 per sq.ft (2024)
• P.A.N. Rajarathinam Salai(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in P.A.N Rajarathinam Salai 6th 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 amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.A.N Rajarathinam Salai 6th Street(G.A.Salai)?

The Sub Registrar Office that covers P.A.N Rajarathinam Salai 6th Street(G.A.Salai) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is based on a fair valuation of the property.

Frequently asked questions

What is the current guideline value of P.A.N Rajarathinam Salai 6th Street(G.A.Salai)?

The current guideline value of P.A.N Rajarathinam Salai 6th 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 from Rs 1,250 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, with various increases and decreases in between, including a notable increase of 428% overall.

What is the land classification for P.A.N Rajarathinam Salai 6th Street(G.A.Salai)?

The land classification for P.A.N Rajarathinam Salai 6th Street(G.A.Salai) is Commercial Class I Type - II.

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

Other streets in Tondaiarpet that share the same guideline value of Rs 6,600 per sq.ft include P.A.N Rajarathinam Salai 5th Street, 7th Street, 4th Street, 8th Street, 3rd Street, and P.A.N. Rajarathinam Salai (Kalmandapam Telephone Exchange to Tondiapet Market).

Where is the Royapuram Sub Registrar Office located?

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