Guideline Value for RAJABADAR STREET

Rajabadar Street guideline value

The current guideline value of Rajabadar Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Rajabadar Street has changed

Over the years, the guideline value of Rajabadar Street has seen significant changes. In 2003, the value was Rs 369 per sq.ft, which increased to Rs 700 per sq.ft in 2007. The 2012 revision brought the value to Rs 3,500 per sq.ft, but it decreased to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,800 per sq.ft in the 2024 revision. The register has no figure for this street in the year 2002.

From 2023 to 2024, the guideline value increased by 9%. Between 2017 and 2023, there was a notable rise of 49%. The value decreased by 33% from 2012 to 2017, while it experienced a significant increase of 400% from 2007 to 2012. Additionally, the value rose by 90% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 930%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median of Rs 2,700 per sq.ft. Rajabadar Street's 2024 figure of Rs 3,800 per sq.ft is above this median.

• Rajagopal Mudali Street: Rs 3,800 per sq.ft (2024)
• Ragavan Street: Rs 3,800 per sq.ft (2024)
• Rajaji Street (Ilango Nagar): Rs 3,800 per sq.ft (2024)
• Rajangam Street: Rs 2,700 per sq.ft (2024)
• Puzhal Sivagnanam Street: Rs 5,400 per sq.ft (2024)
• Puzhal Murugesan Street: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajabadar Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, the total cost for these fees would be Rs 3,42,000. 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 further assistance.

Which Sub Registrar Office covers Rajabadar Street?

The Sub Registrar Office that covers Rajabadar Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Rajabadar Street?

The current guideline value of Rajabadar Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly, from Rs 369 per sq.ft to Rs 3,800 per sq.ft in 2024, marking an overall increase of 930%.

What is the land classification for Rajabadar Street?

Rajabadar Street is classified as Residential Class II Type - II under the Purasaivakkam SRO.

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

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers Rajabadar Street?

The Purasaivakkam Sub Registrar Office covers Rajabadar Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.