Guideline Value for RATHIS PARADISE

Rathis Paradise guideline value

The current guideline value of Rathis Paradise, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 879 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Rathis Paradise has changed

The guideline value for Rathis Paradise has undergone several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 800 per sq.ft in 2023, and then it rose to Rs 879 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Rathis Paradise's 2024 figure is below the median.

• Sakthi Koil Street: Rs 1,320 per sq.ft (2024)
• Sama Riyas Nagar: Rs 879 per sq.ft (2024)
• Santhom Nagar: Rs 879 per sq.ft (2024)
• Rajaji Puram Part- I, II , III: Rs 1,650 per sq.ft (2024)
• Radhakrishnan Street: Rs 1,100 per sq.ft (2024)
• Puzgalenthi Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rathis Paradise

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000. The stamp duty at 7% would amount to Rs 61,530, and the registration fee at 2% would be Rs 17,580, leading to a total of Rs 79,110. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rathis Paradise?

The Sub Registrar Office covering Rathis Paradise is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Rathis Paradise?

The current guideline value of Rathis Paradise is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification for Rathis Paradise?

The land classification for Rathis Paradise is Residential Special Type - IV.

What are the stamp duty and registration fees for property in Rathis Paradise?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,79,000, with a stamp duty of Rs 61,530 and a registration fee of Rs 17,580, totaling Rs 79,110.

Which Sub Registrar Office handles registrations for Rathis Paradise?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Rathis Paradise, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.