Guideline Value for RATHINAM NAGAR 9TH WEST STREET

Rathinam Nagar 9th West Street guideline value

The current guideline value of Rathinam Nagar 9th 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 9th West Street has changed

The guideline value for Rathinam Nagar 9th West Street has seen several revisions over the years. In 2002, the guideline value was Rs 895 per sq.ft, which increased to Rs 990 per sq.ft in 2003. The value then rose by 31% to Rs 1,300 per sq.ft in 2007. Following that, there was a significant increase of 592% to Rs 9,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 6,030 per sq.ft in 2017. The 2023 revision set the value at Rs 9,000 per sq.ft, and the latest revision in 2024 has increased it by 10% to Rs 9,900 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 1006%. There are no figures available for the years not mentioned in the register for this street.

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 9th West Street.

• Rathinam Nagar 8th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 7th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 4th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 2nd Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 1st 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 9th 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, leading to 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rathinam Nagar 9th West Street?

The Sub Registrar Office that covers Rathinam Nagar 9th 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 details.

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

The guideline value plays a crucial role during property registration in Thiruvanmiyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of the transaction. Understanding these values can help facilitate smoother property dealings in the area.

Frequently asked questions

What is the current guideline value for Rathinam Nagar 9th West Street?

The current guideline value for Rathinam Nagar 9th 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 895 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1006% over this period.

What is the land classification for Rathinam Nagar 9th West Street?

The land classification for Rathinam Nagar 9th West Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Rathinam Nagar 9th 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 8,91,000.