Guideline Value for RAJAJI STREET WESTERN SIDE OF REDDY KUPPAM ROAD CONTD

Rajaji Street Western Side Of Reddy Kuppam Road Contd guideline value

The current guideline value for Rajaji Street Western Side Of Reddy Kuppam Road Contd is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the jurisdiction of the Thiyagaraya nagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajaji Street Western Side Of Reddy Kuppam Road Contd has changed

The guideline value for Rajaji Street Western Side Of Reddy Kuppam Road Contd has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 632 per sq.ft. It increased to Rs 758 per sq.ft in 2003, marking a 20% rise. The value saw a significant jump to Rs 2,471 per sq.ft in 2007, which is an increase of 226%. The 2012 revision returned the value to Rs 6,000 per sq.ft, reflecting a decrease of 33% from the previous figure. In 2017, the value was revised to Rs 4,020 per sq.ft, which was a 49% increase from 2012. The most recent revisions show an increase to Rs 6,000 per sq.ft in 2023 and then to Rs 6,600 per sq.ft in 2024, marking a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 944%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value for Rajaji Street Western Side Of Reddy Kuppam Road Contd.

• Rajaji Street(C.I.T.Nagar): Rs 7,700 per sq.ft (2024)
• Rajagopalan Street: Rs 6,600 per sq.ft (2024)
• Railway Border 2 Street: Rs 6,600 per sq.ft (2024)
• Railway Border 1 Street: Rs 6,600 per sq.ft (2024)
• Pushpavathi Ammal Street: Rs 8,800 per sq.ft (2024)
• Ramaiah Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street Western Side Of Reddy Kuppam Road Contd

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Street Western Side Of Reddy Kuppam Road Contd?

The Sub Registrar Office that covers Rajaji Street Western Side Of Reddy Kuppam Road Contd is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. For further details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mambalam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is taken into account to ensure that the fees are calculated based on an official valuation. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for Rajaji Street Western Side Of Reddy Kuppam Road Contd?

The current guideline value for Rajaji Street Western Side Of Reddy Kuppam Road Contd is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 632 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 944% over this period.

What is the land classification for this area?

The land classification for Rajaji Street Western Side Of Reddy Kuppam Road Contd is Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Rajaji Street Western Side Of Reddy Kuppam Road Contd is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

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 of the property. For example, for a property valued at Rs 66,00,000, the stamp duty at 7% would be Rs 4,62,000.