Guideline Value for RAJAJI SALAI

Rajaji Salai guideline value

The current guideline value of Rajaji Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajaji Salai has changed

The guideline value for Rajaji Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 3,300 per sq.ft.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The guideline value saw a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Rajaji Salai is above this median.

• Raja Garden: Rs 1,700 per sq.ft (2024)
• Rajan Garden: Rs 2,800 per sq.ft (2024)
• Rajapathar Thottam: Rs 1,100 per sq.ft (2024)
• Ragunathan Street: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 6th CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 5th CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 information.

Which Sub Registrar Office covers Rajaji Salai?

The Sub Registrar Office that covers Rajaji Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Uthandi. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Rajaji Salai?

The current guideline value of Rajaji Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Rajaji Salai?

Rajaji Salai is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Rajaji Salai?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Rajaji Salai?

The Neelankarai Sub Registrar Office handles property registrations for Rajaji Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.