Guideline Value for Rattinamkinaru Street

Rattinamkinaru Street guideline value

The current guideline value of Rattinamkinaru Street is Rs 175 per sq.ft. This street is located in Umaiyal Parancheri village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Rattinamkinaru Street has changed

The guideline value for Rattinamkinaru Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 175 per sq.ft. However, in the 2017 revision, it decreased to Rs 117 per sq.ft, marking a decline of 33%. The value then increased significantly by 50% in the 2023 revision, bringing it back to Rs 175 per sq.ft, which remained unchanged in the 2024 revision.

For the years 2002, 2003, and 2007, the register has no figure for Rattinamkinaru Street. The guideline value has thus remained at Rs 175 per sq.ft from 2012 through 2024, showing no overall change during this period.

Guideline values in Umaiyal Parancheri

In Umaiyal Parancheri, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. Rattinamkinaru Street's 2024 figure is below this median.

• Pillayar Kovil Street: Rs 175 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• Park City: Rs 500 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• MuthuKumaran Nagar: Rs 250 per sq.ft (2024)
• M.R.Rajamani Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Rattinamkinaru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty, charged at 7%, would amount to Rs 12,250, while the registration fee at 2% would be Rs 3,500. Together, the total cost for stamp duty and registration fees would be Rs 15,750. 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 Rattinamkinaru Street?

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

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

The guideline value is a crucial factor in property transactions in Umaiyal Parancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must reference this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rattinamkinaru Street?

The current guideline value of Rattinamkinaru Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft from 2012 to 2024, with a decrease to Rs 117 per sq.ft in 2017 and an increase back to Rs 175 per sq.ft in 2023.

What is the land classification for Rattinamkinaru Street?

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

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

For a property valued at Rs 1,75,000, the stamp duty would be Rs 12,250 and the registration fee would be Rs 3,500, totaling Rs 15,750.

Which office handles property registration for Rattinamkinaru Street?

The Sunguvarchattram Sub Registrar Office is responsible for property registration in Rattinamkinaru Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company.