Guideline Value for ROTTIKARA MADAM STREET

Rottikara Madam Street guideline value

The current guideline value of Rottikara Madam Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Rottikara Madam Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 400% increase. However, in the 2017 revision, the value dropped to Rs 2,010 per sq.ft, representing a decrease of 33% from the previous figure. The guideline value then rose to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, which is a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Rottikara Madam Street.

• R.M.V. Nagar: Rs 1,500 per sq.ft (2024)
• Retaimalai Srinivasan Nagar: Rs 3,300 per sq.ft (2024)
• Sachchiyyakuppam: Rs 2,150 per sq.ft (2024)
• Sadayanguppam Pattai: Rs 3,300 per sq.ft (2024)
• Sakthi Ganapathi Nagar: Rs 1,500 per sq.ft (2024)
• Ramasamy Mudaliyar Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rottikara Madam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rottikara Madam Street?

The Sub Registrar Office that covers Rottikara Madam Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees based on the property’s value.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the taxes and fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Rottikara Madam Street?

The current guideline value of Rottikara Madam Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 450% over the years.

What is the land classification for Rottikara Madam Street?

Rottikara Madam Street is classified as Residential Special Type - I.

What are the stamp duty rates for properties in Thiruvottiyur?

The stamp duty rate for properties in Thiruvottiyur is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rottikara Madam Street?

The Sub Registrar Office for Rottikara Madam Street is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.