Guideline Value for RAJAVEETHI-2rd-CROSS ST

RAJAVEETHI-2rd-CROSS ST guideline value

The current guideline value of RAJAVEETHI-2rd-CROSS ST is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of RAJAVEETHI-2rd-CROSS ST has changed

The guideline value for RAJAVEETHI-2rd-CROSS ST has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,500 per sq.ft again. The most recent revision in 2024 has kept this value stable at Rs 1,500 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from the 2012 revision to the 2024 revision, there has been no net change in the guideline value.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for RAJAVEETHI-2rd-CROSS ST is above this median, reflecting its specific classification and location.

• RAJAVEETHI-1rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-3rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• Rajaveethi: Rs 2,000 per sq.ft (2024)
• RAJAVEETHI-4rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• Puthucheri South Srteet: Rs 750 per sq.ft (2024)
• R.D.St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in RAJAVEETHI-2rd-CROSS ST

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. 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 our stamp duty and registration fee calculator for a more tailored estimate.

Which Sub Registrar Office covers RAJAVEETHI-2rd-CROSS ST?

The RAJAVEETHI-2rd-CROSS ST falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Walajabad. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately and in accordance with the local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This practice helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of RAJAVEETHI-2rd-CROSS ST?

The current guideline value of RAJAVEETHI-2rd-CROSS ST is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft in 2023 and 2024, after a drop to Rs 1,005 per sq.ft in 2017 from Rs 1,500 per sq.ft in 2012. Overall, from 2012 to 2024, there has been no net change.

Which office handles the registration for properties in RAJAVEETHI-2rd-CROSS ST?

The Walajabad Sub Registrar Office handles the registration for properties in RAJAVEETHI-2rd-CROSS ST, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the higher of the guideline value or sale price, while the registration fee is 2%. For example, on a 1,000 sq.ft plot, the total fees would be Rs 1,35,000.

What is the land classification for RAJAVEETHI-2rd-CROSS ST?

RAJAVEETHI-2rd-CROSS ST is classified as Residential Special Type - III, indicating its specific use and zoning regulations within the area.