Guideline Value for Rajamanickam Theru

Rajamanickam Theru guideline value

The current guideline value of Rajamanickam Theru is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajamanickam Theru has changed

The guideline value for Rajamanickam Theru has seen several revisions over the years. The 2012 revision set the value at Rs 2,400 per sq.ft, which was then reduced to Rs 1,608 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,400 per sq.ft, and the current 2024 revision has raised it further to Rs 2,640 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. The jump from 2017 to 2023 was significant at 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, placing Rajamanickam Theru's 2024 figure above this median.

• Rajammal Nagar: Rs 1,980 per sq.ft (2024)
• Raja Nagar: Rs 1,980 per sq.ft (2024)
• Rajaji Street: Rs 2,640 per sq.ft (2024)
• Raja Rajessari Nagar: Rs 2,640 per sq.ft (2024)
• Rajendra Prasad Theru: Rs 2,310 per sq.ft (2024)
• Rajeswari Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rajamanickam Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total fees to Rs 2,37,600. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajamanickam Theru?

The Sub Registrar Office covering Rajamanickam Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded at a value that reflects the official assessment of the property’s worth.

Frequently asked questions

What is the current guideline value of Rajamanickam Theru?

The current guideline value of Rajamanickam Theru is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision increasing it from Rs 2,400 per sq.ft in 2023 to Rs 2,640 per sq.ft in 2024. The value has seen significant fluctuations since 2012.

What is the land classification for Rajamanickam Theru?

Rajamanickam Theru is classified as Residential Class I Type - I. This classification is important for determining the guideline value and other regulatory aspects.

Where can I find the Sub Registrar Office for Rajamanickam Theru?

The Sub Registrar Office for Rajamanickam Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Rajamanickam Theru?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800 at 7%.