Guideline Value for RAJAJI NAGAR

Rajaji Nagar guideline value

The current guideline value of Rajaji Nagar, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Rajaji Nagar has changed

Over the years, the guideline value of Rajaji Nagar has seen several revisions. The 2007 revision set the value at Rs 175 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, in the 2017 revision, the value was adjusted down to Rs 536 per sq.ft, before rising again to Rs 800 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a remarkable 357%, while the overall increase from 2007 to 2024 stands at 357%. The consistency in the value from 2023 to 2024 indicates stability in the guideline value for Rajaji Nagar.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for this area is Rs 700 per sq.ft, making Rajaji Nagar's 2024 figure of Rs 800 per sq.ft above the median.

• Rajaji Avenue: Rs 800 per sq.ft (2024)
• Rajajipuram: Rs 500 per sq.ft (2024)
• Radiant Avenue: Rs 2,500 per sq.ft (2024)
• Rathina Mangala Nagar: Rs 500 per sq.ft (2024)
• Pillayar Koil St: Rs 700 per sq.ft (2024)
• Sai Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Nagar?

Rajaji Nagar falls under the Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved. This value is essential for maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rajaji Nagar?

The current guideline value of Rajaji 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 changed from Rs 175 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and has remained at Rs 800 per sq.ft in both 2023 and 2024.

What is the median guideline value in Perumattu Nellore?

The median guideline value in Perumattu Nellore is Rs 700 per sq.ft, with Rajaji Nagar's value of Rs 800 per sq.ft being above this median.

What are the stamp duty and registration fees for property in Rajaji Nagar?

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. The stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles property registrations for Rajaji Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations for Rajaji Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.