Guideline Value

Corporate

Guideline Value for RAJARAJESWARI NAGAR

₹2480/sq.ft.

The guideline value for Rajarajeswari Nagar in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2480 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2480 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹408 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹355 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajarajeswari Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Rajarajeswari Nagar guideline value

The current guideline value of Rajarajeswari Nagar, located in Karambakkam village under the Chennai South Joint I SRO, is Rs 2,480 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Rajarajeswari Nagar has changed

The guideline value for Rajarajeswari Nagar has undergone several revisions over the years. The earliest recorded value in 2002 was Rs 355 per sq.ft. This figure saw a significant increase to Rs 408 per sq.ft in 2003, followed by a rise to Rs 800 per sq.ft in 2007. The value then jumped to Rs 2,250 per sq.ft in 2012, before decreasing to Rs 1,507 per sq.ft in 2017. The guideline value increased again to Rs 2,250 per sq.ft in 2023, and most recently, it has been set at Rs 2,480 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was +15%. The value rose by +96% from 2003 to 2007. The jump from 2007 to 2012 was +181%. However, there was a decrease of -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and finally, there was a +10% increase from 2023 to 2024. Overall, the guideline value has increased by +599% from 2002 to 2024.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,930 per sq.ft, placing Rajarajeswari Nagar's current value above the median.

Stamp duty and registration fee for property in Rajarajeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,480 per sq.ft, the total guideline value would be Rs 24,80,000. The stamp duty at 7% would amount to Rs 1,73,600, while the registration fee at 2% would be Rs 49,600. Together, the total cost for stamp duty and registration fee would be Rs 2,23,200. Please 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 Rajarajeswari Nagar?

The Sub Registrar Office that covers Rajarajeswari Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Rajarajeswari Nagar?

The current guideline value of Rajarajeswari Nagar is Rs 2,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 355 per sq.ft in 2002 to Rs 2,480 per sq.ft in 2024, showing an overall increase of +599% over this period.

What is the median guideline value for streets in Karambakkam?

The median guideline value for streets in Karambakkam is Rs 1,930 per sq.ft, with Rajarajeswari Nagar's value above this median.

What are the stamp duty and registration fees for a property in Rajarajeswari Nagar?

For a property valued at Rs 24,80,000, the stamp duty would be Rs 1,73,600 and the registration fee would be Rs 49,600, totaling Rs 2,23,200.

Which Sub Registrar Office should I contact for Rajarajeswari Nagar?

The Chennai South Joint I Sub Registrar Office covers Rajarajeswari Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.