Guideline Value for RAJA STREET, CHARLES NAGAR

Raja Street, Charles Nagar guideline value

The current guideline value of Raja Street, Charles Nagar, located in Thandurai village under the Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Raja Street, Charles Nagar has changed

Over the years, the guideline value for Raja Street has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision marked a decrease to Rs 536 per sq.ft, a 33% drop from the 2012 figure. From 2017 to 2023, the value increased significantly by 49%, returning to Rs 800 per sq.ft.

The 2024 revision maintains the guideline value at Rs 800 per sq.ft, showing no change from the previous year. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Raja Street's guideline value is below this median.

• Rajagopal Street, (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Railway Line Streets (South): Rs 988 per sq.ft (2024)
• Railway Line Southern Side Streets: Rs 988 per sq.ft (2024)
• Radhakrishnan Street, Charles Nagar: Rs 988 per sq.ft (2024)
• Ram Nagar: Rs 988 per sq.ft (2024)
• Pushparaj Naidu Street, Railway Line Northern Side: Rs 801 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Street, Charles Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the 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 Raja Street, Charles Nagar?

The Sub Registrar Office that covers Raja Street, Charles Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Thandurai, the guideline value serves as a basis for calculating stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Additionally, the guideline value is regularly updated to reflect changes in the real estate market, ensuring that property transactions are conducted fairly and transparently. Buyers should verify the latest guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Raja Street, Charles Nagar?

The current guideline value of Raja Street, Charles Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2012 revision at Rs 800 per sq.ft, dropping to Rs 536 per sq.ft in 2017, then rising back to Rs 800 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Raja Street?

Raja Street falls under the Residential Class II Type - II land classification.

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

For a 1,000 sq.ft plot at the guideline value of Rs 800 per sq.ft, the total guideline value is Rs 8,00,000, with stamp duty at Rs 56,000 and registration fee at Rs 16,000, totaling Rs 72,000.

Which office handles the registration for Raja Street, Charles Nagar?

The Avadi Sub Registrar Office handles the registration for Raja Street, Charles Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.