Guideline Value for Rathinapuri

Rathinapuri guideline value

The current guideline value of Rathinapuri is Rs 226 per sq.ft, effective from 1 July 2024. This village falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Rathinapuri has changed

The guideline value for Rathinapuri has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 225 per sq.ft in 2012. However, it then decreased to Rs 151 per sq.ft in 2017. The value remained the same at Rs 226 per sq.ft in both 2023 and the latest revision in 2024, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, there was a remarkable increase of 350%, followed by a decrease of 33% from 2012 to 2017. The guideline value then saw a 50% increase from 2017 to 2023, and it has remained constant since then. Overall, from 2007 to 2024, the guideline value has increased by 352%.

Guideline values in Koozhangacheri

Koozhangacheri has a total of 47 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for the village is Rs 226 per sq.ft, which is the same as the current value for Rathinapuri.

• Rajiv Gandhi Nagar: Rs 226 per sq.ft (2024)
• Sai Avenue: Rs 250 per sq.ft (2024)
• Sangamithira Nagar: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• SriAlamelu Mangapuram: Rs 250 per sq.ft (2024)
• Sri Ambal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value would be Rs 2,26,000. The stamp duty at 7% would amount to Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total cost to Rs 20,340. 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 details.

Which Sub Registrar Office covers Rathinapuri?

The Sub Registrar Office that covers Rathinapuri is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Koozhangacheri. It determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees that are payable during the transaction.

When buying or selling property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value is regularly updated to reflect changes in the real estate market, and it is advisable to check the latest figures before proceeding with any transactions.

Frequently asked questions

What is the current guideline value of Rathinapuri?

The current guideline value of Rathinapuri is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 226 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 350% from 2007 to 2012.

Where can I find the registration office for Rathinapuri?

The registration office for Rathinapuri is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Rathinapuri?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 2,26,000, the stamp duty would be Rs 15,820 at a rate of 7%.

What are the other streets in Koozhangacheri with guideline values?

Other streets in Koozhangacheri include Rajiv Gandhi Nagar, Sai Avenue, Sangamithira Nagar, Perumal Kovil Street, SriAlamelu Mangapuram, and Sri Ambal Nagar, with values ranging from Rs 200 to Rs 300 per sq.ft as of 2024.