Guideline Value for RAJAJI NAGAR 1ST CROSS STREET

Rajaji Nagar 1st Cross Street guideline value

The current guideline value of Rajaji Nagar 1st Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village under the Chennai South Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Rajaji Nagar 1st Cross Street has changed

Looking at the revisions, the guideline value for Rajaji Nagar 1st Cross Street was Rs 9,000 per sq.ft in 2023, which increased to Rs 9,900 per sq.ft in 2024, reflecting a change of +10%. Prior to that, in 2017, the value was Rs 6,030 per sq.ft, showing a significant increase of +49% to reach the 2023 figure. The 2012 revision had the value at Rs 9,000 per sq.ft, which decreased to Rs 6,030 per sq.ft in 2017, indicating a drop of -33%. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, which is the same as the 2024 figure for Rajaji Nagar 1st Cross Street.

• Rajaji Nagar 1st Street: Rs 9,900 per sq.ft (2024)
• Rajaji Nagar: Rs 9,900 per sq.ft (2024)
• Rajaji Nagar 2nd Cross Street: Rs 8,250 per sq.ft (2024)
• Rajaji Nagar 2nd Street: Rs 9,900 per sq.ft (2024)
• Rajagopal Street: Rs 12,650 per sq.ft (2024)
• Rajaji Nagar Main Road: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. 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 more precise calculations.

Which Sub Registrar Office covers Rajaji Nagar 1st Cross Street?

The Sub Registrar Office that covers Rajaji Nagar 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvanmiyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

It is essential to be aware of the guideline value when engaging in property transactions, as it influences the overall costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 1st Cross Street?

The current guideline value of Rajaji Nagar 1st Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase from Rs 9,000 per sq.ft in 2023 to Rs 9,900 per sq.ft in 2024. The value was Rs 6,030 per sq.ft in 2017 and Rs 9,000 per sq.ft in 2012.

What is the land classification for Rajaji Nagar 1st Cross Street?

Rajaji Nagar 1st Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Chennai South Joint I Sub Registrar Office covers Rajaji Nagar 1st Cross Street, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 99,00,000, the stamp duty would be calculated at 7% of this amount.