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Guideline Value

Corporate

Guideline Value for Rathi's Sri Sai City-Phase-III

₹1540/sq.ft.

The guideline value for Rathi's Sri Sai City-phase-iii in Pazhanthandalam village (Padappai SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhanthandalam

Village

Padappai

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rathi's Sri Sai City-phase-iii

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Rathi's Sri Sai City-Phase-III guideline value

The current guideline value of Rathi's Sri Sai City-Phase-III is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Rathi's Sri Sai City-Phase-III has changed

In the 2023 revision, the guideline value was Rs 1,400 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current value to Rs 1,540 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

This means that the most recent revisions show a clear upward movement in the guideline value, with the 2024 figure reflecting an increase from the previous year. The guideline value has consistently been revised to reflect changes in the area, with the latest revision marking a significant adjustment.

Guideline values in Pazhanthandalam

Pazhanthandalam has 57 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with a median value of Rs 1,100 per sq.ft. Rathi's Sri Sai City-Phase-III is above this median value.

Stamp duty and registration fee for property in Rathi's Sri Sai City-Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rathi's Sri Sai City-Phase-III?

The Sub Registrar Office that covers Rathi's Sri Sai City-Phase-III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Pazhanthandalam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

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

Frequently asked questions

What is the current guideline value of Rathi's Sri Sai City-Phase-III?

The current guideline value of Rathi's Sri Sai City-Phase-III is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a 10% increase. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Rathi's Sri Sai City-Phase-III?

Rathi's Sri Sai City-Phase-III is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the registration fees for properties in Rathi's Sri Sai City-Phase-III?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,40,000 would incur a total fee of Rs 1,38,600.

Where can I find the Sub Registrar Office for Rathi's Sri Sai City-Phase-III?

The Padappai Sub Registrar Office covers Rathi's Sri Sai City-Phase-III and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.