Guideline Value for RATHINASABAPATHI STREET

Rathinasabapathi Street guideline value

The current guideline value of Rathinasabapathi Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Rathinasabapathi Street has changed

The guideline value for Rathinasabapathi Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 1,300 per sq.ft. This value saw a significant increase to Rs 4,300 per sq.ft in 2012, marking a rise of 231%. However, between 2012 and 2017, the value decreased to Rs 2,881 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 4,600 per sq.ft, reflecting a 60% increase from the 2017 figure.

It is important to note that the register has no figures for Rathinasabapathi Street for the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 254%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, 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 Rathinasabapathi Street's 2024 figure below the median.

• Rathinammal Street, Kodamabakkam: Rs 8,200 per sq.ft (2024)
• Rathinammal 2nd Street, Aminjikarai: Rs 7,100 per sq.ft (2024)
• Rathinammal 1st Street, Aminjikarai: Rs 7,100 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 Rathinasabapathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rathinasabapathi Street?

The Sub Registrar Office that covers Rathinasabapathi Street 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 details.

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

The guideline value is a crucial factor when buying or selling property in Puliyur, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the sale price must be equal to or greater than the guideline value. If the sale price is lower, the registration authorities will charge fees based on the guideline value, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rathinasabapathi Street?

The current guideline value of Rathinasabapathi Street is Rs 4,600 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 1,300 per sq.ft in 2007 to Rs 4,600 per sq.ft in 2024, marking an overall increase of 254% over the years.

What is the land classification for Rathinasabapathi Street?

Rathinasabapathi Street is classified as Residential Class IV Type - I.

Where can I find the registration office for Rathinasabapathi Street?

The registration office for Rathinasabapathi Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated on properties in Rathinasabapathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000 at 7%.