Guideline Value for Rajarathinam Street Main

Rajarathinam Street Main guideline value

The current guideline value of Rajarathinam Street Main is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajarathinam Street Main has changed

The guideline value for Rajarathinam Street Main has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 379 per sq.ft. This increased to Rs 1,200 per sq.ft in 2007, followed by a substantial rise to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, and most recently, it has reached Rs 4,400 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was marked at 233%, and from 2003 to 2007, the rise was 217%. Overall, from 2003 to 2024, the guideline value has increased by 1061%. It is important to note that the register has no figure for Rajarathinam Street Main in 2002.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. Rajarathinam Street Main's 2024 guideline value is above this median.

• Rajarathinam Road: Rs 3,900 per sq.ft (2024)
• Rajarathinam 5th Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 4th Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 3rd Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 3rd Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam Street Main

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is essential 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 Rajarathinam Street Main?

The Sub Registrar Office that covers Rajarathinam Street Main is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ullagaram. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Rajarathinam Street Main?

The current guideline value of Rajarathinam Street Main is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 379 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Rajarathinam Street Main?

The land classification for Rajarathinam Street Main is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Alandur Sub Registrar Office covers Rajarathinam Street Main and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.