Guideline Value for RAJAN GARDEN

Rajan Garden guideline value

The current guideline value of Rajan Garden, located in Uthandi village under the Neelankarai SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Rajan Garden has changed

Over the years, the guideline value of Rajan Garden has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, there was a significant drop to Rs 1,675 per sq.ft in 2017. The value then rose sharply to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 2,800 per sq.ft.

In terms of percentage changes, the value increased by 150% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 is 12%. Overall, from 2007 to 2024, the guideline value has increased by 180%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Rajan Garden's 2024 figure above this median.

• Rajapathar Thottam: Rs 1,100 per sq.ft (2024)
• Rajaji Salai: Rs 3,300 per sq.ft (2024)
• Rajendran Garden: Rs 1,100 per sq.ft (2024)
• Raja Garden: Rs 1,700 per sq.ft (2024)
• Ragunathan Street: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 6th CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost for these fees Rs 2,52,000. 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 Rajan Garden?

The Sub Registrar Office that covers Rajan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Uthandi. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation. Buyers should be aware that these costs can significantly impact the overall expense of purchasing property in the area.

Frequently asked questions

What is the current guideline value of Rajan Garden?

The current guideline value of Rajan Garden is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 180% over this period.

What is the registration office for Rajan Garden?

The registration office for Rajan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Rajan Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at a rate of 7%.

What other streets in Uthandi have guideline values?

Other streets in Uthandi include Rajapathar Thottam at Rs 1,100 per sq.ft, Rajaji Salai at Rs 3,300 per sq.ft, and several others, with values ranging from Rs 1,100 to Rs 14,700 per sq.ft as of 2024.