Guideline Value

Corporate

Guideline Value for RATHINAM STREET

₹1000/sq.ft.

The guideline value for Rathinam Street in Chinnasekkadu village (Thiruvottiyur SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnasekkadu

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹103 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹88 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]

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Rathinam Street guideline value

The current guideline value of Rathinam Street in Chinnasekkadu village, under the Thiruvottiyur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Rathinam Street has changed

The guideline value for Rathinam Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 88 per sq.ft. In 2003, it increased to Rs 103 per sq.ft, marking a 17% change. The next significant change occurred in 2007 when the value rose to Rs 300 per sq.ft, reflecting a 191% increase. By 2012, the value reached Rs 800 per sq.ft, which was a 167% increase from the previous revision.

In 2017, the guideline value was Rs 536 per sq.ft, indicating a decrease of 33% from 2012. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the same value was carried into the 2024 revision, showing no change. Overall, from 2002 to 2024, the guideline value has increased by 1,036%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Rathinam Street's 2024 figure of Rs 1,000 per sq.ft is below this median.

Stamp duty and registration fee for property in Rathinam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rathinam Street?

The Sub Registrar Office that covers Rathinam Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Chinnasekkadu, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the property is registered at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding the guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Rathinam Street?

The current guideline value of Rathinam Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 88 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 1,036% over the years.

What is the land classification of Rathinam Street?

Rathinam Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties on Rathinam Street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Rathinam Street?

The Thiruvottiyur Sub Registrar Office handles property registrations for Rathinam Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.