Guideline Value for DR.RAJAN SALAI

Dr.Rajan Salai guideline value

The current guideline value of Dr.Rajan Salai is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO and is classified as Residential Class I Type - II.

How the guideline value of Dr.Rajan Salai has changed

The guideline value for Dr.Rajan Salai has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,800 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 12% in the guideline value.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Dr.Rajan Salai's 2024 figure is above this median.

• East Coast Road: Rs 5,800 per sq.ft (2024)
• Eden Garden: Rs 2,800 per sq.ft (2024)
• Elumalai Thottam: Rs 1,700 per sq.ft (2024)
• Dhanasekaran Garden: Rs 1,100 per sq.ft (2024)
• Dhanalakshmi Garden: Rs 1,100 per sq.ft (2024)
• Dhamodharam Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Rajan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Rajan Salai?

The Sub Registrar Office that covers Dr.Rajan Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the buyer and seller must refer to the guideline value to understand the applicable charges. This value is essential for maintaining transparency in property transactions and ensuring that both parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Dr.Rajan Salai?

The current guideline value of Dr.Rajan Salai is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification of Dr.Rajan Salai?

Dr.Rajan Salai is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Dr.Rajan Salai?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Dr.Rajan Salai?

The Neelankarai Sub Registrar Office handles registrations for Dr.Rajan Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.