Guideline Value for RAJAPURAM PHASE II

Rajapuram Phase II guideline value

The current guideline value of Rajapuram Phase II is Rs 600 per sq.ft. This area is located in Thiruvur village and falls under the Manavalanagar SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Rajapuram Phase II has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 600 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 600 per sq.ft. This indicates that there has been no percentage change between the 2023 and 2024 revisions.

Overall, the guideline value for Rajapuram Phase II has been consistent at Rs 600 per sq.ft since the 2023 revision. The absence of figures in earlier revisions suggests that the value has remained stable in recent years.

Guideline values in Thiruvur

In Thiruvur, there are 99 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 450 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 450 per sq.ft, placing Rajapuram Phase II's 2024 figure above that median.

• Rajapuram Phase I: Rs 600 per sq.ft (2024)
• Ram Nagar: Rs 600 per sq.ft (2024)
• E.V.P.Rajeshwari Nagar: Rs 1,500 per sq.ft (2024)
• Capital Town: Rs 750 per sq.ft (2024)
• Asrã¿ã¯ã¨â£â¢: Rs 450 per sq.ft (2024)
• A.D.R.Jai Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Rajapuram Phase II

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. 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 detailed calculations.

Which Sub Registrar Office covers Rajapuram Phase II?

The Sub Registrar Office that covers Rajapuram Phase II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the financial obligations involved in the transaction. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Rajapuram Phase II?

The current guideline value for Rajapuram Phase II is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has been consistent at Rs 600 per sq.ft since the 2023 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Rajapuram Phase II?

The land classification for Rajapuram Phase II is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Rajapuram Phase II?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rajapuram Phase II located?

The Sub Registrar Office for Rajapuram Phase II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.