Guideline Value for P.T. Rajan Salai

P.T. Rajan Salai guideline value

The current guideline value of P.T. Rajan Salai is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the jurisdiction of the Ashok Nagar SRO. The land classification is Residential Class I Type - I.

How the guideline value of P.T. Rajan Salai has changed

The guideline value of P.T. Rajan Salai has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 4,800 per sq.ft. This increased significantly to Rs 9,000 per sq.ft in 2012, marking an increase of 88%. However, the value then dropped to Rs 6,030 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 set the value at Rs 9,900 per sq.ft, reflecting an increase of 64% from the 2017 figure. The overall change from 2007 to 2024 is an increase of 106%.

The register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing P.T. Rajan Salai's 2024 figure above that median.

• Pughazhandhi Street: Rs 3,300 per sq.ft (2024)
• Pulithevan Cross Street: Rs 3,300 per sq.ft (2024)
• Pulithevan Street: Rs 3,300 per sq.ft (2024)
• Punnya Kodi Street: Rs 3,300 per sq.ft (2024)
• Pushpavathi Ammal Street: Rs 3,300 per sq.ft (2024)
• Postal Colony Cross Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in P.T. Rajan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total fees to Rs 8,91,000. Please 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 further calculations.

Which Sub Registrar Office covers P.T. Rajan Salai?

The Sub Registrar Office that covers P.T. Rajan Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is important for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of a property transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of P.T. Rajan Salai?

The current guideline value of P.T. Rajan Salai is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,800 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 106% over the years.

What is the land classification for P.T. Rajan Salai?

P.T. Rajan Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for P.T. Rajan Salai?

The Sub Registrar Office for P.T. Rajan Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.