Guideline Value for RAJALAKSHMI NAGAR

Rajalakshmi Nagar guideline value

The current guideline value of Rajalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthukadu-B village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Rajalakshmi Nagar has changed

In terms of revisions, the guideline value for Rajalakshmi Nagar has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

To summarize the revisions, the 2023 guideline value was Rs 300 per sq.ft, which has not changed in the 2024 revision, indicating a 0% change between these two years. The consistent value suggests stability in the guideline value for this area.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Rajalakshmi Nagar's guideline value is below this median.

• Sangeetha Nagar: Rs 350 per sq.ft (2024)
• Saraswathi Nagar: Rs 300 per sq.ft (2024)
• Saraswathi Nagar Phase -1: Rs 300 per sq.ft (2024)
• Spring Fields: Rs 300 per sq.ft (2024)
• Sri Aksaya Garden: Rs 400 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Rajalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Rajalakshmi Nagar?

The Sub Registrar Office that covers Rajalakshmi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value is a crucial factor in the registration process when buying or selling property in Uthukadu-B. It serves as a benchmark for determining the minimum value at which property transactions can be registered.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajalakshmi Nagar?

The current guideline value of Rajalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajalakshmi Nagar has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Uthukadu-B?

The median guideline value in Uthukadu-B is Rs 400 per sq.ft, with Rajalakshmi Nagar's value being below this median.

What are the stamp duty and registration fees for properties in Rajalakshmi Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajalakshmi Nagar?

The Walajabad Sub Registrar Office covers Rajalakshmi Nagar and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO online as well.