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Guideline Value

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Guideline Value for P.A.N.Rajarathinam Road 1st Street(G.A.Salai)

₹6600/sq.ft.

The guideline value for P.a.n.rajarathinam Road 1st 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 ₹1200 /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 Road 1st Street(g.a.salai)

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P.A.N.Rajarathinam Road 1st Street(G.A.Salai) guideline value

The current guideline value of P.A.N.Rajarathinam Road 1st Street(G.A.Salai) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of P.A.N.Rajarathinam Road 1st Street(G.A.Salai) has changed

Since the 2007 revision, the guideline value has seen significant increases. In 2007, the value was Rs 1,200 per sq.ft, which rose to Rs 4,020 per sq.ft in 2017, marking a 235% increase. The value further increased to Rs 6,000 per sq.ft in 2023, reflecting a 49% change from the previous revision.

As of the 2024 revision, the guideline value stands at Rs 6,600 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002, 2003, and 2012 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, indicating that P.A.N.Rajarathinam Road 1st Street(G.A.Salai) is above this median.

Stamp duty and registration fee for property in P.A.N.Rajarathinam Road 1st 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.A.N.Rajarathinam Road 1st Street(G.A.Salai)?

The Sub Registrar Office that covers P.A.N.Rajarathinam Road 1st Street(G.A.Salai) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in determining the registration fees and stamp duties when buying or selling property in Tondaiarpet. It serves as a reference point for the government to assess the value of the property for taxation purposes.

When a transaction occurs, the guideline value helps ensure that the property is registered at a value that reflects its worth according to the government’s assessment. This process aids in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for P.A.N.Rajarathinam Road 1st Street(G.A.Salai)?

The current guideline value for P.A.N.Rajarathinam Road 1st 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?

Over the years, the guideline value has increased significantly. From Rs 1,200 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, this represents an overall increase of 450%.

What is the land classification for this street?

The land classification for P.A.N.Rajarathinam Road 1st Street(G.A.Salai) is Commercial Class I Type - II.

Where can I find the registration office for this area?

The registration office for P.A.N.Rajarathinam Road 1st Street(G.A.Salai) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 66,00,000, the stamp duty would be calculated at 7% of this amount.