Guideline Value for RITHERDON ROAD
₹8800/sq.ft.
The guideline value for Ritherdon Road in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Purasaivakkam
Village
Purasaivakkam
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹8800 /sq.ft. |
| From 1-4-2023 | ₹8000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹5360 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹8000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹7000 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]
DRO (District Registrar Office)
No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]
DIG (Deputy Inspector General)
Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
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Ritherdon Road guideline value
The current guideline value for Ritherdon Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.
How the guideline value of Ritherdon Road has changed
Over the years, the guideline value of Ritherdon Road has seen several revisions. The 2007 revision set the value at Rs 7,000 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012. However, there was a decrease to Rs 5,360 per sq.ft in the 2017 revision. The subsequent revision in 2023 raised it to Rs 8,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 8,800 per sq.ft. The register has no figures for the years 2002 and 2003.
From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall change from the 2007 revision to the 2024 revision reflects a 26% increase. The fluctuations in the guideline value demonstrate the dynamic nature of property valuation in this area.
Guideline values in Purasaivakkam
In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Ritherdon Road's 2024 figure above that median.
- Ritherdon Lane: Rs 7,100 per sq.ft (2024)
- Ritherdon Avenue: Rs 8,800 per sq.ft (2024)
- Rotler Street: Rs 6,500 per sq.ft (2024)
- Rathinasabapathy Street: Rs 5,500 per sq.ft (2024)
- Rudrappa Street: Rs 5,500 per sq.ft (2024)
- Rundals Road: Rs 14,300 per sq.ft (2024)
Stamp duty and registration fee for property in Ritherdon Road
For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Ritherdon Road?
The Sub Registrar Office that covers Ritherdon Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Purasaivakkam
The guideline value is a critical factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the official valuation of the property.
When you proceed with a transaction, the guideline value helps in establishing the legal framework for the sale, providing transparency and clarity in the property registration process. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.
Frequently asked questions
What is the current guideline value of Ritherdon Road?
The current guideline value of Ritherdon Road is Rs 8,800 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 7,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting a 26% increase overall. The most significant jump occurred between 2017 and 2023, where it increased by 49%.
What are the other streets in Purasaivakkam with their guideline values?
Other streets in Purasaivakkam include Ritherdon Lane at Rs 7,100 per sq.ft, Ritherdon Avenue at Rs 8,800 per sq.ft, and Rundals Road at Rs 14,300 per sq.ft, among others.
What is the stamp duty rate for properties in Ritherdon Road?
The stamp duty rate for properties in Ritherdon Road is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration process.
Where can I find the Sub Registrar Office for Ritherdon Road?
The Sub Registrar Office for Ritherdon Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.
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