Guideline Value for Roja Thottam 2nd Street

Roja Thottam 2nd Street guideline value

The current guideline value of Roja Thottam 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Roja Thottam 2nd Street has changed

The guideline value for Roja Thottam 2nd Street has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, the value then decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 1,500 per sq.ft in 2023, and finally rose to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Roja Thottam 2nd Street's 2024 figure below that median.

• Roja Thottam 1st Street: Rs 1,650 per sq.ft (2024)
• Rathinakumar Avenue: Rs 1,320 per sq.ft (2024)
• Sairam Street: Rs 2,530 per sq.ft (2024)
• Ramanujam Street: Rs 880 per sq.ft (2024)
• Ramani Nagar Extn PART-II: Rs 2,530 per sq.ft (2024)
• Ramani Nagar Extn: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Thottam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Roja Thottam 2nd Street?

The Roja Thottam 2nd Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Roja Thottam 2nd Street?

The current guideline value of Roja Thottam 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 230% over the years.

What is the land classification for Roja Thottam 2nd Street?

Roja Thottam 2nd Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Roja Thottam 2nd Street?

The Sub Registrar Office covering Roja Thottam 2nd Street is the Tambaram Joint 1 SRO, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Roja Thottam 2nd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500.