Guideline Value for RAJAJI NAGAR

Rajaji Nagar guideline value

The current guideline value of Rajaji Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Rajaji Nagar has changed

The guideline value for Rajaji Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Rajaji Nagar.

• Poonkovil Nagar/Street: Rs 330 per sq.ft (2024)
• Ramalingam Street: Rs 330 per sq.ft (2024)
• Ramanathapuram: Rs 330 per sq.ft (2024)
• R.L.Y. Stn Street/Road: Rs 330 per sq.ft (2024)
• Rukumani Nagar: Rs 330 per sq.ft (2024)
• Sadaiyamman Koil Street / Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, which totals Rs 23,100, while the registration fee at 2% amounts to Rs 6,600. Together, the total fees would be Rs 29,700. 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 covering Rajaji Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Athipattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is in accordance with government regulations.

When buying or selling property, the guideline value helps in determining the official value of the property for registration purposes. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Rajaji Nagar?

The current guideline value of Rajaji Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Rajaji Nagar?

Rajaji Nagar is classified under Residential Class I Type - I land classification. This classification is important for determining the usage and regulations applicable to the area.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles property registrations for the area.

How is stamp duty calculated for properties in Rajaji Nagar?

Stamp duty for properties in Rajaji Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.