Guideline Value for RAJA NAGAR

Raja Nagar guideline value

The current guideline value of Raja Nagar, located in Thervali village under the Gummidipoondi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Raja Nagar has changed

The guideline value for Raja Nagar has undergone several revisions over the years. The register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft, and it increased to Rs 440 per sq.ft in the 2024 revision, reflecting a change of +10%.

Prior to the 2023 revision, there were no recorded figures for Raja Nagar in the aforementioned years. The 2024 guideline value of Rs 440 per sq.ft is the latest update and indicates a significant increase from the previous year's figure.

Guideline values in Thervali

In Thervali, there are four streets under the Gummidipoondi SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 440 per sq.ft. The median guideline value for these streets is Rs 380 per sq.ft, and Raja Nagar's 2024 figure is above that median.

• Prakash Nagar: Rs 250 per sq.ft (2024)
• Iswaryam Gaden: Rs 380 per sq.ft (2024)
• Aadhithya Garden Part II: Rs 380 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 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Nagar?

The Sub Registrar Office that covers Raja Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thervali. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is taken into consideration, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Raja Nagar?

The current guideline value of Raja Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, representing a change of +10%.

What is the land classification of Raja Nagar?

Raja Nagar is classified as Residential Class III Type - I.

What are the guideline values of other streets in Thervali?

Other streets in Thervali have varying guideline values. Prakash Nagar has a guideline value of Rs 250 per sq.ft, while both Iswaryam Gaden and Aadhithya Garden Part II have a value of Rs 380 per sq.ft.

Where is the Gummidipoondi Sub Registrar Office located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.