Guideline Value for Roja Street

Roja Street guideline value

The current guideline value of Roja Street in 5. Athipattu village, under the Konnur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Roja Street has changed

The guideline value for Roja Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Roja Street.

• Royal Avalon: Rs 3,600 per sq.ft (2024)
• Renganathan Street: Rs 1,600 per sq.ft (2024)
• Reddy Street: Rs 1,600 per sq.ft (2024)
• Sai Nager: Rs 1,300 per sq.ft (2024)
• Ram Poornam Nagar Extention: Rs 1,300 per sq.ft (2024)
• Ram Poornam Nagar -2: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees total Rs 1,98,000. It is important to note that the 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 Roja Street?

The Sub Registrar Office that covers Roja Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in the registration process when buying or selling property in 5. Athipattu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Roja Street?

The current guideline value of Roja Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024.

What are the other streets in 5. Athipattu with their guideline values?

Other streets in 5. Athipattu include Royal Avalon at Rs 3,600 per sq.ft, Renganathan Street and Reddy Street at Rs 1,600 per sq.ft, and Sai Nager, Ram Poornam Nagar Extention, and Ram Poornam Nagar -2 at Rs 1,300 per sq.ft.

What is the stamp duty rate for properties in Roja Street?

The stamp duty rate for properties in Roja Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.