Guideline Value for RAJAMBAL NAGAR

Rajambal Nagar guideline value

The current guideline value of Rajambal Nagar, located in Neeradi village under the Uthiramerur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - IV land classification.

How the guideline value of Rajambal Nagar has changed

The guideline value for Rajambal Nagar has remained consistent in recent revisions. The 2017 revision set the value at Rs 350 per sq.ft, which was unchanged in the 2023 revision, and continues to be Rs 350 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been no change in the guideline value, maintaining a steady rate of Rs 350 per sq.ft throughout this period.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 350 per sq.ft. The median guideline value in this area is Rs 202 per sq.ft, placing Rajambal Nagar above this median.

• Pattancherri Road: Rs 250 per sq.ft (2024)
• Pattancherri Merku Street: Rs 250 per sq.ft (2024)
• Pattancherri Endathur Road: Rs 300 per sq.ft (2024)
• Pattancheri East Street: Rs 202 per sq.ft (2024)
• Pattancheri: Rs 202 per sq.ft (2024)
• New Vetri Nagar: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Rajambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total cost for these fees to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajambal Nagar?

The Sub Registrar Office that covers Rajambal Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Neeradi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is sold, the buyer will need to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajambal Nagar?

The current guideline value of Rajambal Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajambal Nagar has remained unchanged at Rs 350 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Rajambal Nagar?

Rajambal Nagar is classified as Residential Class I Type - IV, which indicates its designation for residential use.

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

The Uthiramerur Sub Registrar Office, which covers Rajambal Nagar, is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Rajambal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,50,000, the stamp duty at 7% would amount to Rs 24,500.