Guideline Value for Rathinam Street

Rathinam Street guideline value

The current guideline value of Rathinam Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rathinam Street has changed

Looking back at the revisions, the guideline value for Rathinam Street was Rs 3,300 per sq.ft in 2023, which increased to Rs 3,600 per sq.ft in 2024, marking a change of +9%. Prior to that, in 2017, the value was Rs 2,211 per sq.ft, indicating a significant increase of +49% to 2023. The 2012 revision recorded a value of Rs 3,300 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +9%.

It is important to note that there are no figures available for Rathinam Street in the revisions for the years 2002, 2003, and 2007.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which is equal to the current value of Rathinam Street.

• Redhills Road: Rs 6,600 per sq.ft (2024)
• Ram Barathi Street: Rs 4,600 per sq.ft (2024)
• Rukumani Street: Rs 4,600 per sq.ft (2024)
• Ramar Kovil Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Ramapuram Kumaran Street: Rs 3,600 per sq.ft (2024)
• Ramapuram kannagi Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Street

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that 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 Rathinam Street?

The Sub Registrar Office that covers Rathinam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is used as a reference for calculating the stamp duty and registration fees when buying or selling property. It serves as a benchmark to determine the minimum value at which properties can be registered in the area.

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

Frequently asked questions

What is the current guideline value of Rathinam Street?

The current guideline value of Rathinam Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,211 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2023, and then to Rs 3,600 per sq.ft in 2024. This reflects an overall increase of +9% from 2012 to 2024.

What are the stamp duty and registration fees for property in Rathinam Street?

For a 1,000 sq.ft plot, the guideline value is Rs 36,00,000. The total stamp duty and registration fees would amount to Rs 3,24,000, based on the current rates.

Which office handles registrations for Rathinam Street?

The Ambattur Sub Registrar Office handles registrations for Rathinam Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Rathinam Street?

Rathinam Street is classified as Residential Class I Type - I, indicating its suitability for residential development.