Guideline Value for RAJARATHINAM STREET

Rajarathinam Street guideline value

The current guideline value of Rajarathinam Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Rajarathinam Street has changed

The guideline value for Rajarathinam Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking a rise of 500%. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft, a decline of 33%. The value then increased to Rs 1,800 per sq.ft in 2023, and most recently to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Rajarathinam Street's 2024 figure below that median.

• Rajammal Nagar: Rs 2,200 per sq.ft (2024)
• Ramachandra Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Ramachandra Nagar 2nd Street 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Ramachandra Nagar 2nd Street 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Ramachandra Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Ramachandra Nagar 4th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. 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 Rajarathinam Street?

The Sub Registrar Office that covers Rajarathinam Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO using this link.

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

The guideline value plays a crucial role during the registration of property transactions in Iyyappanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is in accordance with the regulations set by the registration department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Rajarathinam Street?

The current guideline value of Rajarathinam Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the land classification for Rajarathinam Street?

The land classification for Rajarathinam Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Rajarathinam Street?

The Sub Registrar Office for Rajarathinam Street is located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the other streets in Iyyappanthangal with guideline values?

Other streets in Iyyappanthangal include Rajammal Nagar, Ramachandra Nagar 2nd Street, and several others, with guideline values ranging from Rs 1,100 to Rs 5,610 per sq.ft.