Guideline Value for RAJAM NAGAR 1 TO 5 STREETS

Rajam Nagar 1 To 5 Streets guideline value

The current guideline value of Rajam Nagar 1 To 5 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rajam Nagar 1 To 5 Streets has changed

The guideline value for Rajam Nagar 1 To 5 Streets has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, the value saw a significant increase to Rs 2,500 per sq.ft in 2023, and further rose to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in S. Kullathur

S. Kullathur has a total of 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is equal to the current value for Rajam Nagar 1 To 5 Streets.

• Rajam Nagar: Rs 2,750 per sq.ft (2024)
• RAJA Nagar: Rs 3,300 per sq.ft (2024)
• Raja Nagar 1 To 4 Streets: Rs 3,300 per sq.ft (2024)
• Raja Rajeshwari Nagar: Rs 2,750 per sq.ft (2024)
• Rajeev Nagar: Rs 3,300 per sq.ft (2024)
• Rajeswari Nagar 1 To 5 Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajam Nagar 1 To 5 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rajam Nagar 1 To 5 Streets?

The Sub Registrar Office that covers Rajam Nagar 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 S. Kullathur

The guideline value is an essential factor in the registration process when buying or selling property in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajam Nagar 1 To 5 Streets?

The current guideline value of Rajam Nagar 1 To 5 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Rajam Nagar 1 To 5 Streets?

Rajam Nagar 1 To 5 Streets is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Rajam Nagar 1 To 5 Streets?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000, with stamp duty at 7% amounting to Rs 1,92,500 and a registration fee at 2% of Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Rajam Nagar 1 To 5 Streets?

The Pallavaram Sub Registrar Office handles registrations for Rajam Nagar 1 To 5 Streets, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.