Guideline Value for RATHINAPURAM

Rathinapuram guideline value

The current guideline value of Rathinapuram, located in Azhakoor village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is New House Site Type -III (Approved Lay-Out).

How the guideline value of Rathinapuram has changed

Over the years, the guideline value of Rathinapuram has seen several revisions. The 2007 revision set the value at Rs 140 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, the value dropped to Rs 201 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 300 per sq.ft. The register has no figure for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 114%, but then it decreased by 33% from 2012 to 2017. The value rebounded significantly by 49% from 2017 to 2023, and there was no change from 2023 to 2024. Overall, the guideline value has increased by 114% from 2007 to 2024.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 350 per sq.ft. Rathinapuram's current value of Rs 300 per sq.ft is above the median value of Rs 225 per sq.ft for the village.

• Sbi Colony: Rs 350 per sq.ft (2024)
• Perumal Koil Street: Rs 175 per sq.ft (2024)
• Pallatheru: Rs 250 per sq.ft (2024)
• Sri Azhagar Nagar: Rs 300 per sq.ft (2024)
• Padasalai Street: Rs 160 per sq.ft (2024)
• Sri Jai Vignesh Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. 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 Rathinapuram?

The Sub Registrar Office that covers Rathinapuram is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Azhakoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the property. It ensures that the transaction is recorded at a value that reflects the established rates for the area.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Rathinapuram?

The current guideline value of Rathinapuram is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 140 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreasing to Rs 201 per sq.ft in 2017. The value has remained at Rs 300 per sq.ft since 2023.

What is the land classification of Rathinapuram?

The land classification for Rathinapuram is New House Site Type -III (Approved Lay-Out).

Where can I find the Sub Registrar Office for Rathinapuram?

The Sub Registrar Office for Rathinapuram is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rathinapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7% and a registration fee of Rs 6,000 at 2%.