Guideline Value for RAJAM NAGAR

Rajam Nagar guideline value

The current guideline value of Rajam Nagar, located in Ponneri_2 village under the Ponneri SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Rajam Nagar has changed

Over the years, the guideline value for Rajam Nagar has remained consistent. The 2017 revision recorded a guideline value of Rs 1,300 per sq.ft, which was also the figure for the 2023 revision. The most recent 2024 revision has maintained this figure at Rs 1,300 per sq.ft. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2024 revision, there has been no change in the guideline value, with an overall change of +0%. The same applies to the revisions from 2023 to 2024 and from 2017 to 2023, both showing a change of +0%.

Guideline values in Ponneri_2

In Ponneri_2 village, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Rajam Nagar's 2024 figure above this median.

• Railway Station Road: Rs 1,200 per sq.ft (2024)
• Raji Appartment: Rs 702 per sq.ft (2024)
• Ramachanra Street: Rs 700 per sq.ft (2024)
• Puliyan Thoppu: Rs 700 per sq.ft (2024)
• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)
• Ramaswami Chetty Street: Rs 700 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 more information.

Which Sub Registrar Office covers Rajam Nagar?

Rajam Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor during property registration in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, 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 correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Rajam Nagar?

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

How has the guideline value changed over the years?

The guideline value for Rajam Nagar has remained constant at Rs 1,300 per sq.ft from 2017 through 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Rajam Nagar?

The land classification for Rajam Nagar is Residential Special Type - II, indicating its intended use for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Which office handles property registrations for Rajam Nagar?

The Ponneri Sub Registrar Office handles property registrations for Rajam Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.