Guideline Value for RAJAJI STREET (CHEN)

Rajaji Street (Chen) guideline value

The current guideline value of Rajaji Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Rajaji Street (Chen) has changed

The guideline value for Rajaji Street (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased to Rs 600 per sq.ft in the 2023 revision before reaching the current figure of Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median of Rs 880 per sq.ft. The guideline value of Rajaji Street (Chen) is below this median.

• Rajagopal Street (Chen): Rs 660 per sq.ft (2024)
• Rajeswari Nagar (Chen): Rs 660 per sq.ft (2024)
• Ragavendra Nagar (Sith): Rs 770 per sq.ft (2024)
• Rajiv Gandhi Street (Chen): Rs 660 per sq.ft (2024)
• Prema Nagar (Chen): Rs 660 per sq.ft (2024)
• Poompugar Nagar (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Please 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 further calculations.

Which Sub Registrar Office covers Rajaji Street (Chen)?

The Sub Registrar Office covering Rajaji Street (Chen) is 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 Sengundram - 1

The guideline value is a crucial factor when registering property transactions in Sengundram - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as all parties are aware of the government-set value for the property.

Frequently asked questions

What is the current guideline value of Rajaji Street (Chen)?

The current guideline value of Rajaji Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Rajaji Street (Chen)?

Rajaji Street (Chen) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Rajaji Street (Chen)?

The Sub Registrar Office for Rajaji Street (Chen) is located at Chengleput Joint II Sub Registrar Office, 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Rajaji Street (Chen)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.