Guideline Value for Rathinapuram Malaicharivu Street

Rathinapuram Malaicharivu Street guideline value

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

How the guideline value of Rathinapuram Malaicharivu Street has changed

Over the years, the guideline value of Rathinapuram Malaicharivu Street has seen significant changes. In the 2007 revision, the guideline value was Rs 700 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2012 revision, marking a substantial rise of 257%. However, the value then decreased to Rs 1,675 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision brought the value up to Rs 2,500 per sq.ft, and the latest 2024 revision has set it at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for Rathinapuram Malaicharivu Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry 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 Malaicharivu Street's 2024 guideline value is below this median.

• Rathinapuram Main: 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 Malaicharivu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total 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, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rathinapuram Malaicharivu Street?

The Sub Registrar Office that covers Rathinapuram Malaicharivu Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalakanancherry. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Rathinapuram Malaicharivu Street?

The current guideline value of Rathinapuram Malaicharivu Street 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 significantly from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Rathinapuram Malaicharivu Street?

The land classification for Rathinapuram Malaicharivu Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.