Guideline Value for Rathinam Nagar

Rathinam Nagar guideline value

The current guideline value of Rathinam Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This locality is situated in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Rathinam Nagar has changed

The guideline value for Rathinam Nagar has seen several revisions over the years. The earliest recorded value was Rs 150 per sq.ft in 2007. This increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017, before rising again to Rs 500 per sq.ft in both 2023 and the latest revision in 2024. The register has no figure for this street in 2002 and 2003.

Between the revisions, the changes were notable. From 2007 to 2012, the value increased by 233%. Then, it decreased by 33% from 2012 to 2017. Following that, there was a 49% increase from 2017 to 2023, and no change from 2023 to 2024, resulting in an overall increase of 233% from 2007 to 2024.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Rathinam Nagar's 2024 figure below that median.

• R R Nagar: Rs 1,000 per sq.ft (2024)
• Radha Nagar: Rs 500 per sq.ft (2024)
• Santhosh Nagar: Rs 500 per sq.ft (2024)
• Saraswathi Nagar: Rs 500 per sq.ft (2024)
• Priya Nagar Exten: Rs 800 per sq.ft (2024)
• Priya Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rathinam Nagar?

The Sub Registrar Office that covers Rathinam Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a critical factor in property transactions in Athur B Block. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when a property is registered. This value helps ensure that the transaction is recorded accurately and fairly in the official records.

When you buy or sell property in Rathinam Nagar, the guideline value will be referenced to calculate the applicable fees. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rathinam Nagar?

The current guideline value of Rathinam Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification for Rathinam Nagar?

Rathinam Nagar is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Rathinam Nagar?

The Chengleput Joint II Sub Registrar Office covers Rathinam Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Rathinam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total guideline value of Rs 5,00,000, resulting in a stamp duty of Rs 35,000.