Guideline Value for RAJAPURANIKAR 1ST STREET

Rajapuranikar 1st Street guideline value

The current guideline value of Rajapuranikar 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class IV Type - III.

How the guideline value of Rajapuranikar 1st Street has changed

The guideline value for Rajapuranikar 1st Street has undergone several revisions over the years. Starting from Rs 795 per sq.ft in 2002, it increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value then saw a further increase to Rs 1,050 per sq.ft in 2007, which was a 20% change. In 2012, the value remained at Rs 3,500 per sq.ft, with no change recorded during that revision.

In the subsequent revisions, the guideline value was again set at Rs 3,500 per sq.ft in 2023, showing no change from the previous figure. However, the latest revision in 2024 saw a significant increase to Rs 3,800 per sq.ft, reflecting a 9% rise. Overall, from 2002 to 2024, the guideline value has increased by 378%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Rajapuranikar 1st Street's 2024 figure below that median.

• Rajapuranikar 2nd Street: Rs 3,800 per sq.ft (2024)
• Rajaram Colony: Rs 7,100 per sq.ft (2024)
• Rajaram Film Directors Colony: Rs 7,100 per sq.ft (2024)
• Raja Veethi: Rs 5,300 per sq.ft (2024)
• Raja Gopal Street: Rs 4,600 per sq.ft (2024)
• Rajeswari Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajapuranikar 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. 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 Rajapuranikar 1st Street?

The Sub Registrar Office that covers Rajapuranikar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Rajapuranikar 1st Street?

The current guideline value of Rajapuranikar 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 795 per sq.ft in 2002 and reaching Rs 3,800 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, where the value rose by 233%.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft. Rajapuranikar 1st Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles property registrations for Rajapuranikar 1st Street?

The Kodambakkam Sub Registrar Office handles property registrations for Rajapuranikar 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.