Guideline Value for P.A.N Rajarathinam Salai 8th Street(G.A.Salai)

P.A.N Rajarathinam Salai 8th Street(G.A.Salai) guideline value

The current guideline value of P.A.N Rajarathinam Salai 8th 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 8th Street(G.A.Salai) has changed

The guideline value for P.A.N Rajarathinam Salai 8th Street(G.A.Salai) has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, this figure dropped to Rs 4,020 per sq.ft in 2017. The 2023 revision marked a rise to Rs 6,000 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

Examining the changes between these revisions reveals a 380% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 428%.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that P.A.N Rajarathinam Salai 8th Street(G.A.Salai) is above this median value.

• P.A.N Rajarathinam Salai 7th 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)
• P.A.N Rajarathinam Salai 6th Street(G.A.Salai): Rs 6,600 per sq.ft (2024)
• P.A.N. Rajarathinam Salai (G.A.Salai) (M C Road to Kalmandapam Telephone Exchange): Rs 6,600 per sq.ft (2024)
• P.A.N Rajarathinam Salai 5th 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)

Stamp duty and registration fee for property in P.A.N Rajarathinam Salai 8th 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, 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers P.A.N Rajarathinam Salai 8th Street(G.A.Salai)?

The P.A.N Rajarathinam Salai 8th 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 more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the total cost of registration. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of P.A.N Rajarathinam Salai 8th Street(G.A.Salai)?

The current guideline value of P.A.N Rajarathinam Salai 8th 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, reflecting an overall increase of 428% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty is Rs 4,62,000 and the registration fee is Rs 1,32,000, totaling Rs 5,94,000.

Which office handles property registrations for P.A.N Rajarathinam Salai 8th Street(G.A.Salai)?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, handles property registrations for this street.

What is the land classification for P.A.N Rajarathinam Salai 8th Street(G.A.Salai)?

The land classification for P.A.N Rajarathinam Salai 8th Street(G.A.Salai) is Commercial Class I Type - II, indicating its suitability for commercial activities.