Guideline Value for RAJAVEETHI-3rd-CROSS ST

RAJAVEETHI-3rd-CROSS ST guideline value

The current guideline value of RAJAVEETHI-3rd-CROSS ST in Walajabad village, under the Walajabad SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of RAJAVEETHI-3rd-CROSS ST has changed

The guideline value for RAJAVEETHI-3rd-CROSS ST has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 1,005 per sq.ft. This was a decline of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, marking a 49% increase. The current value of Rs 1,500 per sq.ft, effective from 1 July 2024, shows no change from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure, there is no change, as both are Rs 1,500 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, placing RAJAVEETHI-3rd-CROSS ST above this median at Rs 1,500 per sq.ft.

• RAJAVEETHI-2rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-4rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-1rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• Rajaveethi: Rs 2,000 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-3rd-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, totaling Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAJAVEETHI-3rd-CROSS ST?

The RAJAVEETHI-3rd-CROSS ST is covered by 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 is a crucial factor when registering property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it may affect the overall costs involved in the transaction. Buyers should ensure that the sale price is equal to or higher than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of RAJAVEETHI-3rd-CROSS ST?

The current guideline value of RAJAVEETHI-3rd-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 since 2012, with a drop to Rs 1,005 per sq.ft in 2017, and an increase back to Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification for RAJAVEETHI-3rd-CROSS ST?

RAJAVEETHI-3rd-CROSS ST is classified as Residential Special Type - III.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers this street?

The Walajabad Sub Registrar Office covers RAJAVEETHI-3rd-CROSS ST, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.