Guideline Value for DR. RAJENDRAPRASAD STREET

Dr. Rajendraprasad Street guideline value

The current guideline value of Dr. Rajendraprasad Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Dr. Rajendraprasad Street has changed

The guideline value for Dr. Rajendraprasad Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, before rising again to Rs 1,320 per sq.ft in 2024.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has seen a 10% increase from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Dr. Rajendraprasad Street's 2024 figure below that median.

• Dr. Ramadas Street: Rs 1,320 per sq.ft (2024)
• Dr. Radhakrishnan Street: Rs 2,200 per sq.ft (2024)
• Erikarai Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 1,320 per sq.ft (2024)
• Ex-Serviceman Colony 2nd Street: Rs 1,650 per sq.ft (2024)
• Ex-Serviceman Colony 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Rajendraprasad Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 Dr. Rajendraprasad Street?

Dr. Rajendraprasad Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. Rajendraprasad Street?

The current guideline value of Dr. Rajendraprasad Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Dr. Rajendraprasad Street?

Dr. Rajendraprasad Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Dr. Rajendraprasad Street?

The Sub Registrar Office for Dr. Rajendraprasad Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Jelandianpettai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at the rate of 7%.