Guideline Value

Corporate

Guideline Value for RATHINAM NAGAR 12TH WEST STREET

₹9900/sq.ft.

The guideline value for Rathinam Nagar 12th West Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹926 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹837 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Rathinam Nagar 12th West Street

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Rathinam Nagar 12th West Street guideline value

The current guideline value of Rathinam Nagar 12th West Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rathinam Nagar 12th West Street has changed

The guideline value for Rathinam Nagar 12th West Street has seen significant changes over the years. In 2002, the value was Rs 837 per sq.ft, which increased to Rs 926 per sq.ft in 2003, marking an 11% rise. By 2007, the value surged to Rs 1,300 per sq.ft, reflecting a 40% increase. The next revision in 2012 saw a drop to Rs 9,000 per sq.ft, a decrease of 33%. However, in 2017, the guideline value rose dramatically to Rs 6,030 per sq.ft, an increase of 592%. The value continued to rise, reaching Rs 9,000 per sq.ft in 2023, and then increased by 10% to the current value of Rs 9,900 per sq.ft in 2024.

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

Guideline values in Thiruvanmiyur

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

Stamp duty and registration fee for property in Rathinam Nagar 12th West Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rathinam Nagar 12th West Street?

The Sub Registrar Office that covers Rathinam Nagar 12th 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 an important factor in property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rathinam Nagar 12th West Street?

The current guideline value of Rathinam Nagar 12th 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 significantly from Rs 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 1083% over the years.

What is the classification of Rathinam Nagar 12th West Street?

Rathinam Nagar 12th West Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 99,00,000, the total stamp duty and registration fees would amount to Rs 8,91,000, which includes a stamp duty of Rs 6,93,000 and a registration fee of Rs 1,98,000.

Which office handles registrations for Rathinam Nagar 12th West Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Rathinam Nagar 12th West Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.