Guideline Value for RAJAN NAGAR 3RD CROSS STREET

Rajan Nagar 3rd Cross Street guideline value

The current guideline value of Rajan Nagar 3rd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Rajan Nagar 3rd Cross Street has changed

Over the years, the guideline value of Rajan Nagar 3rd Cross Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, and then an increase to Rs 1,500 per sq.ft in 2023. The current figure, effective from 1 July 2024, is Rs 1,700 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The change from 2023 to 2024 reflects a 13% increase. Overall, the guideline value has increased by 13% from 2012 to 2024.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Rajan Nagar 3rd Cross Street is below this median.

• Rajan Nagar 2nd Cross Street: Rs 1,700 per sq.ft (2024)
• Rajan Nagar Salai: Rs 1,700 per sq.ft (2024)
• Rajan Nagar 1st Cross Street: Rs 1,700 per sq.ft (2024)
• Raja Meenakshi Street: Rs 4,500 per sq.ft (2024)
• Rajendra Cross Street: Rs 3,900 per sq.ft (2024)
• Rajendra Garden Salai: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajan Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty is charged at 7%, amounting to Rs 1,19,000, while the registration fee at 2% is Rs 34,000. Together, these fees total Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajan Nagar 3rd Cross Street?

The Sub Registrar Office that covers Rajan Nagar 3rd Cross Street 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 Enjambakkam

The guideline value is a crucial factor when registering property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps establish a fair price for the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Rajan Nagar 3rd Cross Street?

The current guideline value of Rajan Nagar 3rd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Rajan Nagar 3rd Cross Street?

Rajan Nagar 3rd Cross Street is classified as Residential Class IV Type - I.

Where can I find the registration office for Rajan Nagar 3rd Cross Street?

The registration office for Rajan Nagar 3rd Cross Street 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 Nagar 3rd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,19,000 at a rate of 7%.