Guideline Value

Corporate

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

₹1540/sq.ft.

The guideline value for Rathi's Sri Sai City Phase-i in Pazhanthandalam village (Padappai SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhanthandalam

Village

Padappai

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rathi's Sri Sai City Phase-i

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Rathi's Sri Sai City Phase-I guideline value

The current guideline value of Rathi's Sri Sai City Phase-I is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Commercial Class I Type - II.

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

The guideline value for Rathi's Sri Sai City Phase-I has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 1,400 per sq.ft. Prior to 2023, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline values have progressed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024. The earlier revisions from 2002 to 2017 do not have figures listed for Rathi's Sri Sai City Phase-I.

Guideline values in Pazhanthandalam

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total 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, leading to a total of Rs 1,38,600. Please note that 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 further calculations.

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

The Sub Registrar Office that covers Rathi's Sri Sai City Phase-I 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Pazhanthandalam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When purchasing or selling property, the guideline value is referenced to calculate the taxes owed. It is essential for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Rathi's Sri Sai City Phase-I 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 are the other streets in Pazhanthandalam with similar guideline values?

Other streets in Pazhanthandalam include Rathi's Sri Sai City Phase-II and Phase-III, both at Rs 1,540 per sq.ft, as well as Ramamurthy Nagar - I and II at Rs 1,200 per sq.ft, and Sai Pooja Avenue and Samathuva Nagar at Rs 1,100 per sq.ft.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Rathi's Sri Sai City Phase-I?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800.