Guideline Value for RATHINAM NAGAR 4TH WEST STREET

Rathinam Nagar 4th West Street guideline value

The current guideline value of Rathinam Nagar 4th West Street is Rs 9,900 per sq.ft. 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 4th West Street has changed

The guideline value for Rathinam Nagar 4th West Street has seen significant changes over the years. In 2002, the value was Rs 856 per sq.ft, which increased to Rs 947 per sq.ft in 2003, marking an increase of 11%. The value rose sharply to Rs 1,300 per sq.ft in 2007, reflecting a 37% increase. Following this, the 2012 revision saw a substantial jump to Rs 9,000 per sq.ft, which was a 592% increase. However, the value then decreased to Rs 6,030 per sq.ft in 2017, a drop of 33%. The value climbed again to Rs 9,000 per sq.ft in 2023, before reaching the current value of Rs 9,900 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,057%. The register has no figure for this street for the years not mentioned above.

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 guideline value is Rs 9,900 per sq.ft, which is equal to the current value of Rathinam Nagar 4th West Street. The following are other streets in Thiruvanmiyur:

• Rathinam Nagar 2nd Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 7th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 1st Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 8th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 15th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 9th West Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Nagar 4th 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, while 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 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 4th West Street?

The Sub Registrar Office that covers Rathinam Nagar 4th 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 the registration of property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value will influence the overall cost of the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for both parties to understand the guideline value applicable to the property to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rathinam Nagar 4th West Street?

The current guideline value of Rathinam Nagar 4th 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 856 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, representing an overall increase of 1,057% over the years.

What is the land classification for Rathinam Nagar 4th West Street?

The land classification for Rathinam Nagar 4th West Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Rathinam Nagar 4th West Street?

The Sub Registrar Office for Rathinam Nagar 4th West Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Rathinam Nagar 4th West Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 at a rate of 7%.