Guideline Value for RajaThottam 1st street

RajaThottam 1st street guideline value

The current guideline value of RajaThottam 1st street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of RajaThottam 1st street has changed

The guideline value for RajaThottam 1st street has undergone several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017, before rising to Rs 2,500 per sq.ft again in 2023. The latest revision in 2024 set the guideline value at Rs 2,700 per sq.ft.

Between these revisions, notable changes occurred. From 2007 to 2012, the value increased by 213%, but then it decreased by 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023 and increased by 8% from 2023 to 2024. Overall, the guideline value has increased by 238% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO, with guideline values ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 4,800 per sq.ft, placing RajaThottam 1st street's 2024 figure below that median.

• RajaThottam 2nd street: Rs 2,700 per sq.ft (2024)
• RajaThottam 3rd street: Rs 2,700 per sq.ft (2024)
• Rama naicken street: Rs 4,800 per sq.ft (2024)
• Ramasamy street: Rs 4,800 per sq.ft (2024)
• Pulianthope High Road: Rs 8,800 per sq.ft (2024)
• Pulianthope 6th cross street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in RajaThottam 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for duties and fees Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers RajaThottam 1st street?

The RajaThottam 1st street falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Vepery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of RajaThottam 1st street?

The current guideline value of RajaThottam 1st street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Vepery?

The median guideline value in Vepery village is Rs 4,800 per sq.ft, with RajaThottam 1st street's 2024 figure being below this median.

What are the stamp duty and registration fees for properties in RajaThottam 1st street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000, with stamp duty at Rs 1,89,000 and registration fees at Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for RajaThottam 1st street located?

The Sub Registrar Office covering RajaThottam 1st street is the Periamet SRO, located at 1103, Poonamallee High Road, Chennai-600 003.