Guideline Value for RAJARAJESWARI NAGAR

Rajarajeswari Nagar guideline value

The current guideline value of Rajarajeswari Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Edayanchavadi village under the Thiruvottiyur SRO, and it falls under the Residential Class I 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. In the 2017 revision, the guideline value was set at Rs 335 per sq.ft. This figure saw a significant increase in the 2023 revision, where it rose to Rs 1,000 per sq.ft, marking a change of +199%. The most recent 2024 revision maintained the value at Rs 1,001 per sq.ft, reflecting a change of +0% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +199%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft. The median value for these streets is Rs 1,001 per sq.ft, which is equal to the guideline value for Rajarajeswari Nagar.

• Prem Nagar: Rs 1,001 per sq.ft (2024)
• Ponneri High Road: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,001 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,001 per sq.ft (2024)
• Sri Ponniyamman Nagar: Rs 1,001 per sq.ft (2024)
• M.R.F. Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarajeswari Nagar

For a plot of 1,000 sq.ft at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, leading to a total of Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rajarajeswari Nagar?

The Sub Registrar Office that covers Rajarajeswari Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Edayanchavadi. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid during the registration process.

In essence, the guideline value ensures that property transactions are conducted fairly and transparently. It helps in assessing the worth of a property based on the prevailing rates in the locality, thus facilitating smoother transactions for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Rajarajeswari Nagar?

The current guideline value of Rajarajeswari Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 1,001 per sq.ft in 2024, marking an overall increase of +199%.

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

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which Sub Registrar Office covers the area of Rajarajeswari Nagar?

The Thiruvottiyur Sub Registrar Office covers Rajarajeswari Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Rajarajeswari Nagar?

Rajarajeswari Nagar falls under the Residential Class I Type - I land classification.