Guideline Value for RAJARAM METHA NAGAR - SATHASIVAM STREET

Rajaram Metha Nagar - Sathasivam Street guideline value

The current guideline value of Rajaram Metha Nagar - Sathasivam Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Rajaram Metha Nagar - Sathasivam Street has changed

The guideline value for Rajaram Metha Nagar - Sathasivam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in 2017. This marked a decrease of 33%. However, the value saw a significant increase to Rs 6,000 per sq.ft in 2023, followed by another increase to Rs 6,600 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The 2023 to 2024 revision shows a 10% rise, while the change from 2017 to 2023 indicates a substantial increase of 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is the same as the current guideline value for Rajaram Metha Nagar - Sathasivam Street.

• Rajaram Metha Nagar - Sarangapani Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Rajeswari Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Singarayan Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Malligai Garden Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar Main Road: Rs 7,700 per sq.ft (2024)
• Rajaram Metha Nagar - Vanilarasu Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaram Metha Nagar - Sathasivam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. 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 Rajaram Metha Nagar - Sathasivam Street?

The Sub Registrar Office that covers Rajaram Metha Nagar - Sathasivam 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 Vadaagaram

The guideline value plays a crucial role in the registration process of properties in Vadaagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that the duty is charged based on the higher of the guideline value and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Rajaram Metha Nagar - Sathasivam Street?

The current guideline value for Rajaram Metha Nagar - Sathasivam Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Historical revisions for this street include years 2012, 2017, 2023, and 2024.

What factors influence the guideline value?

The guideline value is primarily determined by the government based on various factors, including land classification and market conditions in the area. For Rajaram Metha Nagar - Sathasivam Street, the land classification is Residential Special Type - II.

Where can I find the registration office for properties in Vadaagaram?

The registration office for properties in Vadaagaram is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Rajaram Metha Nagar - Sathasivam Street?

Stamp duty for properties in Rajaram Metha Nagar - Sathasivam Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are also applicable.