Guideline Value for RAJAJI NAGAR

Rajaji Nagar guideline value

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

How the guideline value of Rajaji Nagar has changed

The guideline value of Rajaji Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 917 per sq.ft. This figure rose to Rs 1,015 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 1,800 per sq.ft in 2007, which represented a substantial increase of 77%. Following this, the value surged to Rs 9,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it then decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 9,000 per sq.ft in 2023 before reaching the current figure of Rs 9,900 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 980%. The register has no figures for revisions in years other than those listed.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the guideline value of Rajaji Nagar.

• Rajaji Nagar 1st Cross Street: Rs 9,900 per sq.ft (2024)
• Rajaji Nagar 1st Street: Rs 9,900 per sq.ft (2024)
• Rajagopal Street: Rs 12,650 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)
• Rajaji Nagar Main Road: Rs 9,900 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 9,900 per sq.ft, the total guideline value would be 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, totaling 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 details.

Which Sub Registrar Office covers Rajaji Nagar?

The Sub Registrar Office that covers Rajaji Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial 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 when buying or selling property in Thiruvanmiyur. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, buyers and sellers must consider the guideline value to ensure compliance with local regulations. This value is used to calculate the applicable duties and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Rajaji Nagar?

The current guideline value of Rajaji Nagar 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 increased from Rs 917 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 980% over this period.

What are the other streets in Thiruvanmiyur with similar guideline values?

Other streets in Thiruvanmiyur with similar guideline values include Rajaji Nagar 1st Cross Street, Rajaji Nagar 1st Street, Rajaji Nagar 2nd Street, and Rajaji Nagar Main Road, all at Rs 9,900 per sq.ft for 2024.

What is the stamp duty rate for properties in Rajaji Nagar?

The stamp duty rate for properties in Rajaji Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.