Guideline Value for ROTLER STREET

Rotler Street guideline value

The current guideline value of Rotler Street, located in Purasaivakkam village, is Rs 6,500 per sq.ft, effective from 1 July 2024. This street falls under the Purasaivakkam Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Rotler Street has changed

The guideline value of Rotler Street has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 6,500 per sq.ft, an 8% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Rotler Street.

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 value for these streets is Rs 5,500 per sq.ft, placing Rotler Street's 2024 figure above this median.

• Rudrappa Street: Rs 5,500 per sq.ft (2024)
• Rundals Road: Rs 14,300 per sq.ft (2024)
• Rundals Street: Rs 14,300 per sq.ft (2024)
• Ritherdon Road: Rs 8,800 per sq.ft (2024)
• Ritherdon Lane: Rs 7,100 per sq.ft (2024)
• Ritherdon Avenue: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rotler Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value would be Rs 65,00,000. The stamp duty at 7% would amount to Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total fees to Rs 5,85,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rotler Street?

The Sub Registrar Office that covers Rotler Street 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 crucial factor in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Rotler Street?

The current guideline value of Rotler Street is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2024, marking an overall increase of 261% over the years.

What is the land classification of Rotler Street?

Rotler Street is classified as Residential Class II Type - II, indicating its suitability for residential developments.

What are the stamp duty and registration fees for properties on Rotler Street?

For a property valued at Rs 65,00,000, the stamp duty would be Rs 4,55,000, and the registration fee would be Rs 1,30,000, totaling Rs 5,85,000.

Which office handles property registration for Rotler Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles property registration for Rotler Street.