Guideline Value for RAJA NAGAR 1 TO 4 STREETS

Raja Nagar 1 To 4 Streets guideline value

The current guideline value for Raja Nagar 1 To 4 Streets in S. Kullathur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Mixed Type - I land.

How the guideline value of Raja Nagar 1 To 4 Streets has changed

The guideline value for Raja Nagar 1 To 4 Streets has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

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 1 To 4 Streets is above this median.

• RAJA Nagar: 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 1 To 4 Streets

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 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 detailed calculations.

Which Sub Registrar Office covers Raja Nagar 1 To 4 Streets?

The Raja Nagar 1 To 4 Streets are covered by 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 is a critical factor in property transactions in S. Kullathur, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers should be aware that the guideline value serves as a baseline for these fees, ensuring that the transaction is recorded accurately with the authorities.

It is essential to reference the latest guideline value when planning a property transaction, as this value can fluctuate with revisions. Understanding the guideline value helps both parties in a transaction to comply with legal requirements and avoid potential disputes.

Frequently asked questions

What is the current guideline value for Raja Nagar 1 To 4 Streets?

The current guideline value for Raja Nagar 1 To 4 Streets 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 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Raja Nagar 1 To 4 Streets?

Raja Nagar 1 To 4 Streets is classified as Mixed Type - I land according to the guidelines set by the authorities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Raja Nagar 1 To 4 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details online.

How is the stamp duty calculated for properties in Raja Nagar 1 To 4 Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.