Guideline Value for RATHINAM NAGAR 10TH WEST STREET

Rathinam Nagar 10th West Street guideline value

The current guideline value of Rathinam Nagar 10th West Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rathinam Nagar 10th West Street has changed

The guideline value for Rathinam Nagar 10th West Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 837 per sq.ft. This value increased to Rs 926 per sq.ft in 2003, marking an 11% rise. The value then rose by 40% to Rs 1,300 per sq.ft in 2007. Following this, there was a significant increase of 592%, bringing the value to Rs 9,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 6,030 per sq.ft. The subsequent revision in 2023 saw the value rise to Rs 9,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 9,900 per sq.ft, reflecting a 10% increase.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1083%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the 2024 figure for Rathinam Nagar 10th West Street.

• Rathinam Nagar 11th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 12th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 13th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 14th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 15th West Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Nagar 10th West Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. 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 Rathinam Nagar 10th West Street?

The Sub Registrar Office that covers Rathinam Nagar 10th West Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thiruvanmiyur. It serves as a benchmark for assessing the value of the property for taxation purposes, ensuring that the government receives the appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the stamp duty and registration fees that need to be paid. It is essential to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Rathinam Nagar 10th West Street?

The current guideline value of Rathinam Nagar 10th West Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1083% over the years.

What is the land classification for Rathinam Nagar 10th West Street?

The land classification for Rathinam Nagar 10th West Street is Residential Class I Type - I.

Where can I find other streets in Thiruvanmiyur with similar guideline values?

Other streets in Thiruvanmiyur under the Chennai South Joint I SRO include Rathinam Nagar 11th West Street, Rathinam Nagar, Rathinam Nagar 12th West Street, Rathinam Nagar 13th West Street, Rathinam Nagar 14th West Street, and Rathinam Nagar 15th West Street, all with a 2024 guideline value of Rs 9,900 per sq.ft.

How is stamp duty calculated for properties in Rathinam Nagar 10th West Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000.