Guideline Value for RAJ TEMPLE CITY

Raj Temple City guideline value

The current guideline value of Raj Temple City is Rs 1,095 per sq.ft, effective from 1 July 2024. This property is located in Chembarambakkam village, under the Poonamallee SRO, and is classified as Industries Type - III.

How the guideline value of Raj Temple City has changed

Over the years, the guideline value for Raj Temple City has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, while the latest revision in 2024 increased it to Rs 1,095 per sq.ft, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the register. The 2024 guideline value of Rs 1,095 per sq.ft is below the median value of Rs 1,100 per sq.ft for the 64 streets in Chembarambakkam that have a 2024 figure.

Guideline values in Chembarambakkam

In Chembarambakkam, the guideline values for various streets range from Rs 550 to Rs 4,000 per sq.ft, with a median of Rs 1,100 per sq.ft. Raj Temple City's guideline value is below this median. Below are the guideline values for other streets in Chembarambakkam:

• Prayampathu Harijana Colony: Rs 878 per sq.ft (2024)
• Santro City: Rs 1,540 per sq.ft (2024)
• Santro City Phase - II: Rs 2,310 per sq.ft (2024)
• Sathya Nagar: Rs 1,540 per sq.ft (2024)
• Peeraiyampathu Arijana Colony: Rs 878 per sq.ft (2024)
• Pattammal Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Raj Temple City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value is Rs 10,95,000. The stamp duty at 7% amounts to Rs 76,650, and the registration fee at 2% is Rs 21,900. Together, the total cost for these fees is Rs 98,550. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raj Temple City?

The Sub Registrar Office that covers Raj Temple City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a key factor in the registration process of property transactions in Chembarambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

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 guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Raj Temple City?

The current guideline value of Raj Temple City is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Raj Temple City was Rs 1,000 per sq.ft in 2023 and increased to Rs 1,095 per sq.ft in 2024, reflecting a change of +10%.

What are the guideline values for other streets in Chembarambakkam?

Other streets in Chembarambakkam have varying guideline values, ranging from Rs 550 to Rs 4,000 per sq.ft. Raj Temple City's value is below the median of Rs 1,100 per sq.ft for the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. These fees are charged based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Raj Temple City located?

The Poonamallee Sub Registrar Office, which covers Raj Temple City, is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.