Guideline Value for RATHINAMMAL STREET, KODAMABAKKAM

Rathinammal Street, Kodamabakkam guideline value

The current guideline value of Rathinammal Street, Kodamabakkam is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Rathinammal Street, Kodamabakkam has changed

The guideline value for Rathinammal Street has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 3,925 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012, marking a significant rise of 91%. However, in 2017, the value decreased to Rs 5,025 per sq.ft, reflecting a drop of 33%. The value then increased sharply to Rs 7,500 per sq.ft in 2023, a rise of 49%, before reaching the current value of Rs 8,200 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 109%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Rathinammal Street's 2024 figure above this median.

• Rathinammal 2nd Street, Aminjikarai: Rs 7,100 per sq.ft (2024)
• Rathinammal 1st Street, Aminjikarai: Rs 7,100 per sq.ft (2024)
• Rathinasabapathi Street: Rs 4,600 per sq.ft (2024)
• Rangarajapuram Main Road: Rs 8,000 per sq.ft (2024)
• Rangarajapuram Colony 3rd Street: Rs 7,100 per sq.ft (2024)
• Rangarajapuram Colony 2nd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinammal Street, Kodamabakkam

For a 1,000 sq.ft plot at the current rate of Rs 8,200 per sq.ft, the guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. 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 Rathinammal Street, Kodamabakkam?

The Sub Registrar Office that covers Rathinammal Street, Kodamabakkam is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is in accordance with the prevailing market conditions as set by the Registration Department. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Rathinammal Street, Kodamabakkam?

The current guideline value of Rathinammal Street, Kodamabakkam is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,925 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 109% over the years.

What is the stamp duty for property in Rathinammal Street?

The stamp duty for property in Rathinammal Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Rathinammal Street?

The Kodambakkam Sub Registrar Office handles registrations for Rathinammal Street, Kodamabakkam.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Rathinammal Street's 2024 figure being above this median.