Guideline Value for R.L.Y. STN STREET/ROAD

R.L.Y. Stn Street/Road guideline value

The current guideline value of R.L.Y. Stn Street/Road in Athipattu village, under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of R.L.Y. Stn Street/Road has changed

The guideline value for R.L.Y. Stn Street/Road has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of R.L.Y. Stn Street/Road.

• Rukumani Nagar: Rs 330 per sq.ft (2024)
• Sadaiyamman Koil Street / Nagar: Rs 330 per sq.ft (2024)
• Sai Baba Nagar: Rs 330 per sq.ft (2024)
• Ramanathapuram: Rs 330 per sq.ft (2024)
• Ramalingam Street: Rs 330 per sq.ft (2024)
• Sankar Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in R.L.Y. Stn Street/Road

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total charges to Rs 29,700. It is important to note that the 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 more precise calculations based on your property details.

Which Sub Registrar Office covers R.L.Y. Stn Street/Road?

The R.L.Y. Stn Street/Road falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Athipattu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the buyer typically pays the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of R.L.Y. Stn Street/Road?

The current guideline value of R.L.Y. Stn Street/Road is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has risen from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the stamp duty for property in R.L.Y. Stn Street/Road?

The stamp duty for property in R.L.Y. Stn Street/Road is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Thiruvottiyur Sub Registrar Office covers R.L.Y. Stn Street/Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for R.L.Y. Stn Street/Road?

The land classification for R.L.Y. Stn Street/Road is Residential Class I Type - I.