Guideline Value for Rathinapuram Moovarasam Pettai

Rathinapuram Moovarasam Pettai guideline value

The current guideline value of Rathinapuram Moovarasam Pettai is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Rathinapuram Moovarasam Pettai has changed

The guideline value for Rathinapuram Moovarasam Pettai has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The value rose again to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,800 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 12%. Notably, the increase from 2007 to 2012 was 257%, followed by a decrease in the subsequent revision to 2017. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a guideline value range from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Rathinapuram Moovarasam Pettai's 2024 figure below this median.

• Rathinapuram Malaicharivu Street: Rs 2,800 per sq.ft (2024)
• Rathinapuram Main: 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 Moovarasam Pettai

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, charged at 7%, would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, these fees amount 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rathinapuram Moovarasam Pettai?

The Sub Registrar Office that covers Rathinapuram Moovarasam Pettai is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is used to determine the applicable fees, which can significantly impact the total cost of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Rathinapuram Moovarasam Pettai?

The current guideline value of Rathinapuram Moovarasam Pettai 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, showing an overall increase of 300% over this period.

What is the land classification of Rathinapuram Moovarasam Pettai?

Rathinapuram Moovarasam Pettai is classified as Residential Class II Type - II.

Where can I find the Alandur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Rathinapuram Moovarasam Pettai?

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