Guideline Value for RAJA GARDEN

Raja Garden guideline value

The current guideline value of Raja Garden in Uthandi village is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of Raja Garden has changed

Looking at the revisions, the guideline value for Raja Garden has seen several changes over the years. In 2012, the value was Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in 2024, marking a 13% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the overall change from 2012 to 2024 is a 13% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median value is Rs 1,700 per sq.ft, which is the same as the guideline value for Raja Garden.

• Ragunathan Street: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 6th CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 5th CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 4th CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 3rd CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 2nd CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total charges Rs 1,53,000. 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 accurate calculations.

Which Sub Registrar Office covers Raja Garden?

The Sub Registrar Office that covers Raja Garden 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 during property transactions in Uthandi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate taxes based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Raja Garden?

The current guideline value of Raja Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Raja Garden?

Raja Garden is classified as Residential Class II Type - II under the Neelankarai SRO.

What are the stamp duty and registration fees for property in Raja Garden?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office registers properties in Raja Garden?

The Neelankarai Sub Registrar Office is responsible for registering properties in Raja Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.