Guideline Value for RATHINAM NAGAR 15TH WEST STREET

Rathinam Nagar 15th West Street guideline value

The current guideline value of Rathinam Nagar 15th 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 15th West Street has changed

The guideline value for Rathinam Nagar 15th West Street has seen significant changes over the years. In 2002, the value was Rs 846 per sq.ft, which increased to Rs 936 per sq.ft in 2003. Following this, the value rose to Rs 1,300 per sq.ft in 2007, marking a substantial increase of 39%. The value then surged dramatically to Rs 9,000 per sq.ft in 2012, a remarkable increase of 592%. However, from 2012 to 2017, the value decreased to Rs 6,030 per sq.ft, a decline of 33%. The value then rose again to Rs 9,000 per sq.ft in 2023, before reaching the current figure of Rs 9,900 per sq.ft in 2024, which represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1070%. The register has no figures for the years not listed in the revisions.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, 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 guideline value of Rathinam Nagar 15th West Street.

• Rathinam Nagar 14th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 1st Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 13th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 2nd Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 12th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 4th West Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Nagar 15th 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, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rathinam Nagar 15th West Street?

The Sub Registrar Office that covers Rathinam Nagar 15th 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 critical factor when registering property in Thiruvanmiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the authorities.

When buying or selling property, the guideline value helps in determining the legal compliance and financial obligations associated with the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rathinam Nagar 15th West Street?

The current guideline value of Rathinam Nagar 15th 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 increased from Rs 846 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 1070% over this period.

What is the land classification for Rathinam Nagar 15th West Street?

The land classification for Rathinam Nagar 15th West Street is 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 stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where is the Sub Registrar Office located for this street?

The Chennai South Joint I Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.