Guideline Value for RAJAMMAL STREET

Rajammal Street guideline value

The current guideline value of Rajammal Street in SingaperumalKoil village is Rs 1,100 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajammal Street has changed

Over the years, the guideline value of Rajammal Street has seen several revisions. The 2007 revision recorded a value of Rs 154 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable increase of 549%. However, in 2017, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest 2024 revision has raised it to Rs 1,100 per sq.ft, an increase of 10% from the previous year. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 614%, demonstrating the changes in property valuation over the years.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which matches the guideline value of Rajammal Street.

• Rajaji Street: Rs 1,500 per sq.ft (2024)
• Railway Station Street (West Side From G.S.T.): Rs 1,500 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 800 per sq.ft (2024)
• Sandai Mettu Street: Rs 1,500 per sq.ft (2024)
• Pavender Street: Rs 1,100 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Rajammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Rajammal Street?

The Sub Registrar Office that covers Rajammal Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in SingaperumalKoil. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that all transactions are recorded accurately and transparently, reflecting the true value of the property in the market.

Frequently asked questions

What is the current guideline value of Rajammal Street?

The current guideline value of Rajammal Street is Rs 1,100 per sq.ft, effective from the 2024 revision.

How has the guideline value of Rajammal Street changed over the years?

The guideline value has changed from Rs 154 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 614%.

What is the land classification for Rajammal Street?

Rajammal Street is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Rajammal Street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Rajammal Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Rajammal Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.