Guideline Value for Rathees City

Rathees City guideline value

The current guideline value of Rathees City, located in Karasangal village under the Sriperumpudur SRO, is Rs 600 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Rathees City has changed

Over the years, the guideline value for Rathees City has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, this figure was reduced by 33% to Rs 402 per sq.ft in 2017. The value then remained the same at Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The overall change from 2007 to 2024 reflects an increase of 200%.

The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register. From 2017 to 2023, the guideline value rose by 49%, showcasing a significant shift in the value during that period.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing the 2024 guideline value of Rathees City above that median.

• Ram Nagar-I,II,III: Rs 500 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)
• RPG Gopika garden: Rs 150 per sq.ft (2024)
• Radiance Jade Garden - II: Rs 3,284 per sq.ft (2024)
• Radiance Jade Garden: Rs 3,284 per sq.ft (2024)
• Ponniamman Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Rathees City

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important 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 Rathees City?

The Sub Registrar Office that covers Rathees City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rathees City?

The current guideline value of Rathees City is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most significant changes occurring between 2007 and 2012, where it increased by 200%, and then from 2017 to 2023, where it rose by 49%.

What is the median guideline value in Karasangal?

The median guideline value in Karasangal is Rs 402 per sq.ft, with Rathees City's value being above this median at Rs 600 per sq.ft.

What are the stamp duty and registration fees for a property in Rathees City?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.

Which office handles property registrations in Rathees City?

The Sriperumpudur Sub Registrar Office handles property registrations in Rathees City, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.