Guideline Value for Rajarathinam salai

Rajarathinam salai guideline value

The current guideline value of Rajarathinam salai is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil village under the Poonamallee SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Rajarathinam salai has changed

Over the years, the guideline value of Rajarathinam salai has seen significant changes. The earliest recorded revision was in 2003, where the guideline value was Rs 48 per sq.ft. This increased to Rs 100 per sq.ft in 2007, marking a rise of 108%. In 2012, the value rose to Rs 500 per sq.ft, which was a substantial increase of 400%. However, in 2017, it decreased to Rs 335 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 500 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 550 per sq.ft, a 10% increase from the previous year.

From 2003 to 2024, the overall increase in the guideline value is remarkable, amounting to 1046%. The register has no figure for the year 2002 for this street.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Rajarathinam salai.

• R.K Avenue: Rs 550 per sq.ft (2024)
• Sababathy Mudaliar street: Rs 550 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 825 per sq.ft (2024)
• Sannathi Street: Rs 550 per sq.ft (2024)
• Othandeeswarar Nagar: Rs 550 per sq.ft (2024)
• Shanmugapuram 1st Street: Rs 550 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 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the 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 Udaiyavarkoil

The guideline value plays a crucial role when buying or selling property in Udaiyavarkoil. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers must ensure that they are aware of the current guideline value to accurately calculate these costs.

When a property is sold, the guideline value is considered as a base for determining the transaction value. If the sale price is higher than the guideline value, the stamp duty and registration fees are calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Rajarathinam salai?

The current guideline value of Rajarathinam salai is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 48 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 1046% over the years.

What is the land classification of Rajarathinam salai?

Rajarathinam salai falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Rajarathinam salai?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 49,500.