Guideline Value for RAJAPILLAI THOTTAM

Rajapillai Thottam guideline value

The current guideline value of Rajapillai Thottam is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Rajapillai Thottam has changed

Over the years, the guideline value of Rajapillai Thottam has seen several revisions. The 2012 revision set the value at Rs 5,000 per sq.ft, which was a decrease of 33% from Rs 3,350 per sq.ft in 2017. The 2023 revision increased this to Rs 5,000 per sq.ft, and the latest 2024 revision raised it further to Rs 5,500 per sq.ft, marking a 10% increase.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Rajapillai Thottam's 2024 figure below that median.

• Rajan Street: Rs 13,200 per sq.ft (2024)
• Rajambal Street: Rs 13,200 per sq.ft (2024)
• Rajamannar Street: Rs 13,200 per sq.ft (2024)
• Raja Street: Rs 14,300 per sq.ft (2024)
• Rajachar Street: Rs 13,200 per sq.ft (2024)
• Rajabathar Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Rajapillai Thottam

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. 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 Rajapillai Thottam?

The Sub Registrar Office that covers Rajapillai Thottam is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Rajapillai Thottam?

The current guideline value of Rajapillai Thottam is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, marking a 10% increase. It was Rs 3,350 per sq.ft in 2017 and Rs 5,000 per sq.ft in 2012.

What are the guideline values for other streets in Tnagar?

Other streets in Tnagar have varying guideline values, with rates ranging from Rs 4,400 to Rs 27,500 per sq.ft in 2024. Rajapillai Thottam's value is below the median of Rs 11,000 per sq.ft.

What are the fees for registering property in Rajapillai Thottam?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Rajapillai Thottam is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.