Guideline Value for Rajarathinam salai

Rajarathinam salai guideline value

The current guideline value of Rajarathinam salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village under the Poonamallee SRO, classified as Residential Class II Type - I.

How the guideline value of Rajarathinam salai has changed

The guideline value for Rajarathinam salai has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 200 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 900% increase. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current figure of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 1000%. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

Poonthamallee has a total of 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which aligns with the guideline value of Rajarathinam salai.

• Raja nagar: Rs 2,200 per sq.ft (2024)
• Raja Agraharam street: Rs 2,740 per sq.ft (2024)
• Ramanujam koodam street: Rs 2,740 per sq.ft (2024)
• Queen victoria road: Rs 2,200 per sq.ft (2024)
• Poovai devadas nagar: Rs 2,200 per sq.ft (2024)
• R.C.M. School Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam salai

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajarathinam salai?

The Sub Registrar Office that covers Rajarathinam salai is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial reference point when registering property transactions in Poonthamallee. It helps determine the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Rajarathinam salai?

The current guideline value of Rajarathinam salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a 1000% increase overall.

What are the stamp duty and registration fees for property in Rajarathinam salai?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Rajarathinam salai?

The Poonamallee Sub Registrar Office handles property registrations for Rajarathinam salai, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the guideline value determined for properties in Poonthamallee?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location within the Poonamallee SRO.