Guideline Value for RAJASRINIVASA NAGAR

Rajasrinivasa Nagar guideline value

The current guideline value for Rajasrinivasa Nagar is Rs 9,900 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Rajasrinivasa Nagar has changed

The guideline value for Rajasrinivasa Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 9,000 per sq.ft, which changed to Rs 6,030 per sq.ft in 2017, marking a decrease of 33%. However, this figure saw a significant increase to Rs 9,000 per sq.ft in 2023, followed by another rise to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 10% from the 2012 figure.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision saw a 10% increase, bringing the current rate to Rs 9,900 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, which is equal to the current guideline value for Rajasrinivasa Nagar. Below are the guideline values for other streets in Thiruvanmiyur:

• Raja Rangasamy Avenue: Rs 7,160 per sq.ft (2024)
• Rajeswari Nagar: Rs 3,520 per sq.ft (2024)
• Raji Street: Rs 9,900 per sq.ft (2024)
• Rajaji Nagar Main Road: Rs 9,900 per sq.ft (2024)
• Raju Street: Rs 7,160 per sq.ft (2024)
• Rajaji Nagar 2nd Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajasrinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total fees Rs 8,91,000. 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 Rajasrinivasa Nagar?

The Sub Registrar Office that covers Rajasrinivasa 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 Thiruvanmiyur

The guideline value is a crucial factor in property transactions in Thiruvanmiyur, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This value is regularly updated to reflect changes in the real estate market and local development, making it a vital component of property dealings in the area.

Frequently asked questions

What is the current guideline value for Rajasrinivasa Nagar?

The current guideline value for Rajasrinivasa Nagar is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then back to Rs 9,000 in 2023, and finally to Rs 9,900 in 2024.

What are the other streets in Thiruvanmiyur with their guideline values?

Other streets in Thiruvanmiyur include Raja Rangasamy Avenue at Rs 7,160 per sq.ft, Rajeswari Nagar at Rs 3,520 per sq.ft, and Raji Street, Rajaji Nagar Main Road, and Rajaji Nagar 2nd Street, all at Rs 9,900 per sq.ft.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 99,00,000, the total fees would be Rs 8,91,000.

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

The Sub Registrar Office for Rajasrinivasa Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.