Guideline Value for Rajamani Street

Rajamani Street guideline value

The current guideline value of Rajamani Street in Thirumullaivoyal village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class V Type - I.

How the guideline value of Rajamani Street has changed

The guideline value of Rajamani Street has seen several revisions over the years. Starting from the year 2002, the guideline value was Rs 100 per sq.ft. This increased to Rs 125 per sq.ft in 2003, marking a 25% rise. In 2007, the value surged to Rs 200 per sq.ft, reflecting a significant 60% increase. The next revision in 2012 saw the value rise to Rs 900 per sq.ft, a substantial 350% increase from the previous figure. However, in 2017, the value dropped to Rs 603 per sq.ft, indicating a decrease of 33%. The guideline value then increased to Rs 900 per sq.ft in 2023, and finally, it is set to rise to Rs 990 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 890%. There are no figures available for the years not listed in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Rajamani Street's 2024 figure below this median.

• Rajamani Nagar: Rs 990 per sq.ft (2024)
• Rajaji Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Rajarajan Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Rajaji Cross Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Raghavendra Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Rajeswari Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajamani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. It is important to note that 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 Rajamani Street?

The Sub Registrar Office that covers Rajamani Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating stamp duty and registration fees, which are essential costs in the transaction. Buyers should be aware of the guideline value to ensure they are paying the correct fees during the registration process.

Frequently asked questions

What is the current guideline value of Rajamani Street?

The current guideline value of Rajamani Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 100 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What is the land classification of Rajamani Street?

Rajamani Street is classified as Residential Class V Type - I under the Ambattur SRO.

Where can I find the Sub Registrar Office for Rajamani Street?

The Sub Registrar Office for Rajamani Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties on Rajamani Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 69,300.