Guideline Value for RATHINAM NAGAR 13TH WEST STREET

Rathinam Nagar 13th West Street guideline value

The current guideline value of Rathinam Nagar 13th 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 13th West Street has changed

The guideline value for Rathinam Nagar 13th West Street has seen significant changes over the years. In 2002, the guideline value was Rs 837 per sq.ft, which increased to Rs 926 per sq.ft in 2003. Following this, the value rose to Rs 1,300 per sq.ft in 2007, and then to Rs 9,000 per sq.ft in 2012. However, there was a decrease to Rs 6,030 per sq.ft in 2017. The value then increased to Rs 9,000 per sq.ft in 2023, and currently stands at Rs 9,900 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2002 to 2003, there was an increase of 11%. The value rose by 40% from 2003 to 2007, followed by a remarkable increase of 592% from 2007 to 2012. The value decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%, and from 2023 to 2024, the value increased by 10%. 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 that have 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 the same as the guideline value for Rathinam Nagar 13th West Street.

• Rathinam Nagar 12th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 14th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 11th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 15th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 10th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 1st Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Nagar 13th 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 would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, resulting in a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rathinam Nagar 13th West Street?

The Sub Registrar Office that covers Rathinam Nagar 13th 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 in the registration process when buying or selling property in Thiruvanmiyur. It determines the minimum value at which the property can be registered, and it is used to calculate the stamp duty and registration fees applicable to the transaction.

When a buyer and seller agree on a sale price, the registration office will use the higher of the guideline value or the sale price to assess the applicable duties. 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 13th West Street?

The current guideline value of Rathinam Nagar 13th 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 are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 99,00,000, with stamp duty at Rs 6,93,000 and registration fees at Rs 1,98,000, totaling Rs 8,91,000.

Which office handles registrations for Rathinam Nagar 13th West Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Rathinam Nagar 13th West Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Rathinam Nagar 13th West Street?

The land classification for Rathinam Nagar 13th West Street is Residential Class I Type - I.