Guideline Value for Rotarypuram

Rotarypuram guideline value

The current guideline value of Rotarypuram is Rs 400 per sq.ft, effective from 1 July 2024. This village falls under the Sriperumpudur Sub Registrar Office (SRO) in the Chengalpattu zone, and it is classified as Residential Class IV Type - I.

How the guideline value of Rotarypuram has changed

The guideline value for Rotarypuram has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This remained unchanged until the 2023 revision, which also recorded the value at Rs 400 per sq.ft. The most recent revision in 2024 maintained the same guideline value of Rs 400 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was an increase of 49%, and overall, from 2017 to 2024, the guideline value has also increased by 49%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Rotarypuram is below this median.

• Roni Avenue: Rs 700 per sq.ft (2024)
• Reddy Street Extn: Rs 1,100 per sq.ft (2024)
• Reddy Street: Rs 1,000 per sq.ft (2024)
• Reddy Lane: Rs 1,100 per sq.ft (2024)
• Ranka Nagar: Rs 1,000 per sq.ft (2024)
• Sai Garden: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Rotarypuram

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rotarypuram?

The Rotarypuram area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives adequate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rotarypuram?

The current guideline value of Rotarypuram is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, showing no change. However, from 2017 to 2023, it increased by 49% from Rs 268 per sq.ft to Rs 400 per sq.ft.

What is the land classification of Rotarypuram?

Rotarypuram is classified as Residential Class IV Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Rotarypuram?

The Sub Registrar Office covering Rotarypuram is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.