Guideline Value for RAJA THOTTAM

Raja Thottam guideline value

The current guideline value of Raja Thottam is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Manali village, under the Thiruvottiyur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Raja Thottam has changed

The guideline value for Raja Thottam has undergone several revisions over the years. In 2002, the guideline value was Rs 138 per sq.ft, which increased to Rs 178 per sq.ft in 2003, marking a change of +29%. The value then saw significant increases, reaching Rs 400 per sq.ft in 2007, a rise of +125%. In 2012, the value was recorded at Rs 1,100 per sq.ft, reflecting a substantial increase of +175% from the previous revision. However, this figure decreased to Rs 737 per sq.ft in 2017, a drop of -33%.

From 2017 to 2023, the guideline value rose to Rs 1,100 per sq.ft, which is a significant increase of +49%. Finally, the most recent revision in 2024 set the guideline value at Rs 1,200 per sq.ft, reflecting a +9% increase from 2023. The register has no figures for the years not mentioned in this summary.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value is Rs 1,200 per sq.ft, which is equal to the current guideline value of Raja Thottam.

• Rajapadar Mudaliar Street: Rs 1,200 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,200 per sq.ft (2024)
• Raghavan Street: Rs 1,200 per sq.ft (2024)
• P.R.K. Sharma Street: Rs 1,500 per sq.ft (2024)
• Poongavanam Street: Rs 1,200 per sq.ft (2024)
• Poombukar Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total fees Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raja Thottam?

The Sub Registrar Office that covers Raja Thottam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Manali. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value of Raja Thottam?

The current guideline value of Raja Thottam is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 138 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of +770%.

What is the stamp duty rate for property in Raja Thottam?

The stamp duty rate for property transactions in Raja Thottam is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Manali with similar guideline values?

Other streets in Manali with a 2024 guideline value of Rs 1,200 per sq.ft include Rajapadar Mudaliar Street, Rajiv Gandhi Street, Raghavan Street, Poongavanam Street, and Poombukar Nagar.