Guideline Value for RAJAM NAGAR

Rajam Nagar guideline value

The current guideline value of Rajam Nagar, located in Aaladu village under the Ponneri SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Rajam Nagar has changed

Over the years, the guideline value for Rajam Nagar has seen several revisions. The earliest recorded figure is from the 2012 revision, which was Rs 200 per sq.ft. In 2017, this value dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024, with the current rate reflecting a stable position since 2012.

Guideline values in Aaladu

Aaladu village has a total of 13 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with the median being Rs 200 per sq.ft. Rajam Nagar's 2024 figure aligns perfectly with this median.

• Rajeswari Nagar: Rs 200 per sq.ft (2024)
• Rudhran Nagar: Rs 300 per sq.ft (2024)
• Sri Vari Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Vengadachalapathi Avenue: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 per sq.ft (2024)
• Illahi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations based on your specific property details.

Which Sub Registrar Office covers Rajam Nagar?

The Sub Registrar Office that covers Rajam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a critical role during property registration in Aaladu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the Registration Department.

When buying or selling property in Rajam Nagar or any other area within Aaladu, the guideline value is essential for both parties to understand the financial obligations involved in the transaction. It helps in determining the correct amount of duty and fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Rajam Nagar?

The current guideline value of Rajam Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajam Nagar has seen various changes, with the most recent revision maintaining it at Rs 200 per sq.ft since 2023. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification of Rajam Nagar?

Rajam Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Rajam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.