Guideline Value for RATHI'S SRI SAI CITY PHASE-II

Rathi's Sri Sai City Phase-II guideline value

The current guideline value of Rathi's Sri Sai City Phase-II is Rs 1,540 per sq.ft. This property is located in Pazhanthandalam village, under the Padappai SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Rathi's Sri Sai City Phase-II has changed

In the 2024 revision, the guideline value for Rathi's Sri Sai City Phase-II is set at Rs 1,540 per sq.ft, reflecting a 10% increase from the 2023 revision, which was Rs 1,400 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value was Rs 1,400 per sq.ft. The previous revisions do not have figures listed for this street, which means that changes prior to 2023 are not available in the register.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making the 2024 figure for Rathi's Sri Sai City Phase-II above that median.

• Rathi's Sri Sai City Phase-I: Rs 1,540 per sq.ft (2024)
• Rathi's Sri Sai City-Phase-III: Rs 1,540 per sq.ft (2024)
• Ramamurthy Nagar - II: Rs 1,200 per sq.ft (2024)
• Ramamurthy Nagar - I: Rs 1,200 per sq.ft (2024)
• Sai Pooja Avenue: Rs 1,100 per sq.ft (2024)
• Samathuva Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rathi's Sri Sai City Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. Please 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 information.

Which Sub Registrar Office covers Rathi's Sri Sai City Phase-II?

The Sub Registrar Office that covers Rathi's Sri Sai City Phase-II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the correct amount is collected during the registration process.

Frequently asked questions

What is the current guideline value of Rathi's Sri Sai City Phase-II?

The current guideline value of Rathi's Sri Sai City Phase-II is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Rathi's Sri Sai City Phase-II?

The land classification for Rathi's Sri Sai City Phase-II is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Rathi's Sri Sai City Phase-II is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Pazhanthandalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 15,40,000 would incur a stamp duty of Rs 1,07,800 at a rate of 7%.