Guideline Value for RAJARATHINAM NAGAR

Rajarathinam Nagar guideline value

The current guideline value of Rajarathinam Nagar is Rs 104 per sq.ft. This area is located in Palliagaram village and falls under the Salavakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Rajarathinam Nagar has changed

Looking at the revisions, the guideline value for Rajarathinam Nagar has seen several changes over the years. The 2012 revision recorded a value of Rs 100 per sq.ft, which then dropped to Rs 67 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase to Rs 100 per sq.ft, followed by a further increase to Rs 104 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and then by 4% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 4%. The register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Palliagaram

In Palliagaram, there are seven streets under the Salavakkam SRO that carry a 2024 guideline value, all set at Rs 104 per sq.ft. The median value for these streets is also Rs 104 per sq.ft, placing Rajarathinam Nagar at this median value.

• Rajinikanth Nagar: Rs 104 per sq.ft (2024)
• Rb Nagar: Rs 104 per sq.ft (2024)
• Rb Nagar Phase-II: Rs 104 per sq.ft (2024)
• Jyothi Nagar: Rs 104 per sq.ft (2024)
• Jothi Nagar Part-II: Rs 104 per sq.ft (2024)
• Jothi Nagar Part-I: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value would be Rs 1,04,000. The stamp duty at 7% would amount to Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total cost for these fees to Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam Nagar?

The Sub Registrar Office that covers Rajarathinam Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palliagaram. It is used to determine the stamp duty and registration fees that must be paid at the time of the transaction.

When a property is registered, 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 revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar?

The current guideline value of Rajarathinam Nagar is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 104 per sq.ft in 2024.

What is the land classification for Rajarathinam Nagar?

The land classification for Rajarathinam Nagar is Residential Special Type - I.

Where can I find the Sub Registrar Office for Rajarathinam Nagar?

The Sub Registrar Office for Rajarathinam Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Rajarathinam Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a plot valued at Rs 1,04,000, the stamp duty would be Rs 7,280 at 7%.