Guideline Value for RAJA Nagar

RAJA Nagar guideline value

The current guideline value of RAJA Nagar, located in S. Kullathur village under the Pallavaram SRO, is Rs 3,300 per sq.ft. This value is effective from 1 July 2024 and falls under the Mixed Type - I land classification.

How the guideline value of RAJA Nagar has changed

The guideline value for RAJA Nagar has undergone several revisions over the years. In 2007, the rate was Rs 500 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 500% increase. However, it then saw a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and further increased to Rs 3,300 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.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 560%, highlighting significant changes over the years.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for RAJA Nagar is above this median.

• Raja Nagar 1 To 4 Streets: Rs 3,300 per sq.ft (2024)
• Rajam Nagar 1 To 5 Streets: Rs 2,750 per sq.ft (2024)
• Rajam Nagar: Rs 2,750 per sq.ft (2024)
• Raja Rajeshwari Nagar: Rs 2,750 per sq.ft (2024)
• Rajeev Nagar: Rs 3,300 per sq.ft (2024)
• Rajeswari Nagar 1 To 5 Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in RAJA Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAJA Nagar?

The RAJA Nagar area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role during the registration process of property transactions in S. Kullathur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is referenced to establish a baseline for the transaction. This helps in maintaining transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of RAJA Nagar?

The current guideline value of RAJA Nagar is Rs 3,300 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 3,300 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the land classification for RAJA Nagar?

RAJA Nagar is classified as Mixed Type - I land, which indicates a blend of residential and commercial properties in the area.

What are the stamp duty rates for property in RAJA Nagar?

The stamp duty rate for property transactions in RAJA Nagar is 7%, while the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for RAJA Nagar?

The Sub Registrar Office covering RAJA Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details through the provided link.