Guideline Value for Rathinapuram Main

Rathinapuram Main guideline value

The current guideline value of Rathinapuram Main is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Rathinapuram Main has changed

The guideline value for Rathinapuram Main has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which significantly increased to Rs 2,500 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 1,675 per sq.ft. The value then rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft as of the 2024 revision.

From 2023 to 2024, the guideline value increased by 12%. The increase from 2017 to 2023 was 49%, while the period from 2007 to 2012 saw a rise of 257%. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Rathinapuram Main's current guideline value is below this median.

• Rathinapuram Malaicharivu Street: Rs 2,800 per sq.ft (2024)
• Rathinapuram Moovarasam Pettai: Rs 2,800 per sq.ft (2024)
• Rathnapuram Yerikkarai Street: Rs 2,800 per sq.ft (2024)
• Rangarajapuram Street: Rs 4,400 per sq.ft (2024)
• Ranga Colony (alies) Rangaiya Colony: Rs 4,400 per sq.ft (2024)
• Ram Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinapuram Main

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. 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 Rathinapuram Main?

The Rathinapuram Main falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thalakanancherry. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Rathinapuram Main?

The current guideline value of Rathinapuram Main is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Rathinapuram Main?

Rathinapuram Main is classified under Residential Class II Type - II land classification.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How do I calculate stamp duty for property in Rathinapuram Main?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000, leading to a stamp duty of Rs 1,96,000.