Guideline Value for RATHRAPURI 1st STREET

RATHRAPURI 1st STREET guideline value

The current guideline value of RATHRAPURI 1st STREET, located in S. Kullathur village under the Pallavaram SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of RATHRAPURI 1st STREET has changed

The guideline value for RATHRAPURI 1st STREET has undergone several revisions over the years. In 2007, the value was set at Rs 750 per sq.ft, which saw a significant increase to Rs 2,500 per sq.ft in 2012. This figure remained unchanged until the 2023 revision, where it was again Rs 2,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. Notably, there are no recorded figures for RATHRAPURI 1st STREET in the revisions of 2002, 2003, and 2017.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value is Rs 2,750 per sq.ft, which is the same as the current guideline value for RATHRAPURI 1st STREET.

• RAM Nagar: Rs 2,530 per sq.ft (2024)
• Rose Avenue: Rs 2,530 per sq.ft (2024)
• Rajiv Nagar 1 To 5 Main Road: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue 1 To 6 Streets: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue Extn.: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in RATHRAPURI 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers RATHRAPURI 1st STREET?

The Sub Registrar Office that covers RATHRAPURI 1st STREET is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor when registering property transactions in S. Kullathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

Frequently asked questions

What is the current guideline value of RATHRAPURI 1st STREET?

The current guideline value of RATHRAPURI 1st STREET is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 750 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 267%.

What are the other streets in S. Kullathur with their guideline values?

Other streets in S. Kullathur include RAM Nagar, Rose Avenue, Rajiv Nagar 1 To 5 Main Road, Sadasivam Avenue, Sadasivam Avenue 1 To 6 Streets, and Sadasivam Avenue Extn., all with a 2024 guideline value of Rs 2,530 per sq.ft.

Where can I find the Sub Registrar Office for RATHRAPURI 1st STREET?

The Sub Registrar Office for RATHRAPURI 1st STREET is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in S. Kullathur?

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 27,50,000 would incur a stamp duty of Rs 1,92,500 at 7%.