Guideline Value for RAJAPURANIKAR 2ND STREET

Rajapuranikar 2nd Street guideline value

The current guideline value of Rajapuranikar 2nd 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 2nd Street has changed

The guideline value for Rajapuranikar 2nd Street has seen several revisions over the years. Starting from Rs 795 per sq.ft in 2002, the value increased to Rs 873 per sq.ft in 2003, marking a 10% rise. In 2007, it jumped significantly to Rs 1,050 per sq.ft, reflecting a 20% increase. The value remained at Rs 1,050 per sq.ft until 2012, when it rose to Rs 3,500 per sq.ft, a substantial increase of 233%.

From 2012 to 2023, the guideline value stayed the same at Rs 3,500 per sq.ft. However, in the 2024 revision, it increased to Rs 3,800 per sq.ft, representing a 9% rise. The register has no figure for this street in 2017.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, indicating that the 2024 figure for Rajapuranikar 2nd Street is below this median.

• Rajapuranikar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajapuranikar 2nd Street?

The Sub Registrar Office that covers Rajapuranikar 2nd 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 is a crucial factor in property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct amount based on the property's worth.

Frequently asked questions

What is the current guideline value of Rajapuranikar 2nd Street?

The current guideline value of Rajapuranikar 2nd 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 increased from Rs 795 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 378% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur village is Rs 5,800 per sq.ft, which is higher than the current value of Rajapuranikar 2nd Street.

What are the stamp duty and registration fees for properties in Rajapuranikar 2nd Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,42,000.

Where is the Sub Registrar Office for Rajapuranikar 2nd Street located?

The Sub Registrar Office for Rajapuranikar 2nd Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.