Guideline Value for Rathan Das Street

Rathan Das Street guideline value

The current guideline value of Rathan Das Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Rathan Das Street has changed

The guideline value of Rathan Das Street has undergone several revisions over the years. The earliest available figure is from 2007, when the value was Rs 1,210 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 272%. However, by 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, showing a 49% increase, and finally reached Rs 4,900 per sq.ft in the 2024 revision, a change of 9%.

It is important to note that the register has no figures for Rathan Das Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Rathan Das Street at the median for the current revision.

• Rathinam Street (JPT): Rs 4,900 per sq.ft (2024)
• Rani Anna Nagar: Rs 3,300 per sq.ft (2024)
• Rani Annadurai Street: Rs 3,300 per sq.ft (2024)
• Rani Annadurai Nagar: Rs 3,300 per sq.ft (2024)
• R.C. Street: Rs 3,300 per sq.ft (2024)
• Reddy Kuppam Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rathan Das Street

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty, charged at 7%, would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Rathan Das Street?

The Sub Registrar Office that covers Rathan Das Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an essential reference point during property registration in Kodambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling a property.

When a property is registered, the guideline value or the sale price is considered, whichever is higher, to calculate the applicable duties and fees. This ensures that the registration process is transparent and consistent across different properties.

Frequently asked questions

What is the current guideline value of Rathan Das Street?

The current guideline value of Rathan Das Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305% over the years.

What is the land classification for Rathan Das Street?

Rathan Das Street is classified as Residential Class III Type - II, indicating its use for residential purposes.

Where can I find the registration office for Rathan Das Street?

The registration office for Rathan Das Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Kodambakkam?

Stamp duty for properties in Kodambakkam is calculated based on the higher of the guideline value or the sale price. This ensures that the correct duty is applied during the registration process.