Guideline Value for RAJAPATHAR THOTTAM

Rajapathar Thottam guideline value

The current guideline value of Rajapathar Thottam is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Rajapathar Thottam has changed

The guideline value for Rajapathar Thottam has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 670 per sq.ft. The next revision in 2023 increased the value to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,100 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Rajapathar Thottam is below this median.

• Rajan Garden: Rs 2,800 per sq.ft (2024)
• Rajaji Salai: Rs 3,300 per sq.ft (2024)
• Rajendran Garden: Rs 1,100 per sq.ft (2024)
• Raja Garden: Rs 1,700 per sq.ft (2024)
• Ragunathan Street: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 6th CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajapathar Thottam

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajapathar Thottam?

The Sub Registrar Office that covers Rajapathar Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthandi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives a fair amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajapathar Thottam?

The current guideline value of Rajapathar Thottam is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Rajapathar Thottam?

The land classification for Rajapathar Thottam is Residential Class III Type - I.

What are the stamp duty rates applicable in Rajapathar Thottam?

The stamp duty rate applicable in Rajapathar Thottam is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajapathar Thottam?

The Sub Registrar Office for Rajapathar Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.