Guideline Value for RAJAMMAL NAGAR

Rajammal Nagar guideline value

The current guideline value of Rajammal Nagar, located in Keezhavedu village under the Chengleput Joint I SRO, is Rs 635 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Rajammal Nagar has changed

The guideline value for Rajammal Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 635 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 425 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

In terms of percentage changes, there has been no change from 2023 to 2024, while the increase from 2017 to 2023 was 49%. Overall, comparing the 2017 revision to the 2024 revision, there is a 49% increase in the guideline value.

Guideline values in Keezhavedu

Keezhavedu village has 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 415 to Rs 1,500 per sq.ft, with a median value of Rs 750 per sq.ft. Rajammal Nagar's guideline value is below this median.

• Sai Thirumala nagar: Rs 500 per sq.ft (2024)
• Om Sakthi Nagar: Rs 620 per sq.ft (2024)
• Sri Narayana Nagar: Rs 750 per sq.ft (2024)
• Jayaram Nagar Part-I: Rs 750 per sq.ft (2024)
• Jayaram Nagar: Rs 635 per sq.ft (2024)
• Golden heaven Phase II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 635 per sq.ft, the total guideline value amounts to Rs 6,35,000. The stamp duty at 7% would be Rs 44,450, and the registration fee at 2% would be Rs 12,700, bringing the total fees together to Rs 57,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajammal Nagar?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Keezhavedu. When a property is sold or purchased, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of registration. The guideline value helps maintain transparency and standardization in property transactions, making it a vital aspect of real estate dealings in the area.

Frequently asked questions

What is the current guideline value of Rajammal Nagar?

The current guideline value of Rajammal Nagar is Rs 635 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 635 per sq.ft from 2023 to 2024, while it increased from Rs 425 per sq.ft in 2017 to Rs 635 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Rajammal Nagar?

Rajammal Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 6,35,000, the stamp duty is Rs 44,450 and the registration fee is Rs 12,700, totaling Rs 57,150. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Rajammal Nagar?

The Chengleput Joint I Sub Registrar Office handles property registrations in Rajammal Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.