Guideline Value for Railway Station Road

Railway Station Road guideline value

The current guideline value of Railway Station Road in Kathivakkam village, under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Railway Station Road has changed

Over the years, the guideline value for Railway Station Road has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 200 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 400%. However, it dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. From 2007 to 2024, the overall increase in guideline value is 450%, showcasing the fluctuations over the years.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median value of Rs 1,001 per sq.ft. The guideline value of Railway Station Road is above this median.

• Rajiv Ganthi Nagar: Rs 1,001 per sq.ft (2024)
• Porkaliyamman Koil Street: Rs 1,001 per sq.ft (2024)
• Ponga Nagar(Nehru Nagar): Rs 1,100 per sq.ft (2024)
• Rammmorthi Nagar: Rs 1,000 per sq.ft (2024)
• Pillai Thottam: Rs 1,001 per sq.ft (2024)
• Periyakuppam: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Railway Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Railway Station Road?

The Railway Station Road falls under the jurisdiction of 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 Kathivakkam

The guideline value is a critical factor in property transactions within Kathivakkam. It determines the base value on which stamp duty and registration fees are calculated during the property registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value serves as a reference point to assess the legitimacy of the transaction. It helps in maintaining transparency and consistency in property dealings, ensuring that both parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Railway Station Road?

The current guideline value of Railway Station Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing a total increase of 450% over the years.

What is the land classification for Railway Station Road?

Railway Station Road is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Thiruvottiyur Sub Registrar Office located?

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

How is stamp duty calculated for properties on Railway Station Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at the rate of 7%.