Guideline Value for P.a.n. Rajarathinam Salai(G.a.salai) (Kalmandapam Telephone Exchange To Tondiapet Market)

P.A.N. Rajarathinam Salai(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market) guideline value

The current guideline value for P.A.N. Rajarathinam Salai(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market) 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(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market) has changed

The guideline value for P.A.N. Rajarathinam Salai(G.A.Salai) has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,500 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 300% rise. However, the value then decreased to Rs 4,020 per sq.ft in 2017, reflecting a decline of 33%. Following this, the value surged to Rs 6,000 per sq.ft in 2023, and further increased by 10% to reach the current figure of Rs 6,600 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for P.A.N. Rajarathinam Salai(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market) is above this median.

• P.A.N Rajarathinam Salai 8th 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 7th Street(G.A.Salai): 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 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(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market)

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, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.A.N. Rajarathinam Salai(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market)?

The P.A.N. Rajarathinam Salai(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market) falls under the jurisdiction of 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 in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the duty is calculated based on the higher of the guideline value or the actual sale price of the property.

When purchasing property, understanding the guideline value helps in budgeting for additional costs associated with the transaction. It is essential to consult the latest figures to ensure compliance with the registration requirements and to avoid any unexpected fees.

Frequently asked questions

What is the current guideline value for P.A.N. Rajarathinam Salai(G.A.Salai)?

The current guideline value for P.A.N. Rajarathinam Salai(G.A.Salai) (Kalmandapam Telephone Exchange to Tondiapet Market) 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 increased from Rs 1,500 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing a total increase of 340% over the years. The most recent revision occurred in 2024 with a 10% rise from the 2023 figure of Rs 6,000 per sq.ft.

What is the registration office for P.A.N. Rajarathinam Salai(G.A.Salai)?

The registration office covering P.A.N. Rajarathinam Salai(G.A.Salai) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in this area?

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

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

Several other streets in Tondaiarpet also have a guideline value of Rs 6,600 per sq.ft in 2024. These include P.A.N Rajarathinam Salai 8th Street, P.A.N. Rajarathinam Salai (M C Road to Kalmandapam Telephone Exchange), P.A.N Rajarathinam Salai 7th Street, P.A.N Rajarathinam Salai 6th Street, P.A.N Rajarathinam Salai 5th Street, and P.A.N Rajarathinam Salai 4th Street.