Guideline Value for RAJARATHINAM STREET

Rajarathinam Street guideline value

The current guideline value of Rajarathinam Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and falls under Residential Class I Type - II land classification.

How the guideline value of Rajarathinam Street has changed

The guideline value for Rajarathinam Street has undergone several revisions over the years. The 2007 revision set the value at Rs 2,800 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in the 2012 revision. However, the value decreased to Rs 5,360 per sq.ft in the 2017 revision. From 2017 to 2023, there was a substantial increase of 49%, bringing the value to Rs 8,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, setting the current guideline value at Rs 8,800 per sq.ft.

It is important to note that the register has no figures for Rajarathinam Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, indicating that Rajarathinam Street's 2024 figure is above this median.

• Raju Lane: Rs 5,500 per sq.ft (2024)
• Raju Pillai Street: Rs 5,500 per sq.ft (2024)
• Raja Annamalai Chettiar Road: Rs 12,100 per sq.ft (2024)
• Raghava Chetty Street: Rs 6,500 per sq.ft (2024)
• Ramanujam Garden Lane: Rs 5,500 per sq.ft (2024)
• Ramanujam Garden Street: Rs 5,500 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 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajarathinam Street?

The Sub Registrar Office that covers Rajarathinam Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures transparency in property transactions and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Rajarathinam Street?

The current guideline value of Rajarathinam Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 214% over the years.

What is the land classification of Rajarathinam Street?

Rajarathinam Street falls under the Residential Class I Type - II land classification.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam Street?

The Purasaivakkam Sub Registrar Office covers Rajarathinam Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.