Guideline Value for RAJAJI PURAM PART- I, II , III

Rajaji Puram Part- I, II , III guideline value

The current guideline value for Rajaji Puram Part- I, II , III is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Rajaji Puram Part- I, II , III has changed

Over the years, the guideline value for Rajaji Puram Part- I, II , III has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

The changes between the revisions reflect significant fluctuations. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the current value of Rajaji Puram Part- I, II , III above this median.

• Radhakrishnan Street: Rs 1,100 per sq.ft (2024)
• Puzgalenthi Street: Rs 1,650 per sq.ft (2024)
• Rathis Paradise: Rs 879 per sq.ft (2024)
• Periyakuppam Colony: Rs 879 per sq.ft (2024)
• Sakthi Koil Street: Rs 1,320 per sq.ft (2024)
• Sama Riyas Nagar: Rs 879 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Puram Part- I, II , III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. 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 Puram Part- I, II , III?

The Sub Registrar Office that covers Rajaji Puram Part- I, II , III is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Rajaji Puram Part- I, II , III?

The current guideline value for Rajaji Puram Part- I, II , III is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Rajaji Puram Part- I, II , III?

Rajaji Puram Part- I, II , III is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Rajaji Puram Part- I, II , III is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.