Guideline Value for RAJAVEETHI-4rd-CROSS ST

RAJAVEETHI-4rd-CROSS ST guideline value

The current guideline value of RAJAVEETHI-4rd-CROSS ST is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the Walajabad SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of RAJAVEETHI-4rd-CROSS ST has changed

The guideline value for RAJAVEETHI-4rd-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 in the 2017 revision at Rs 1,005 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 1,500 per sq.ft, and there was no change from 2023 to the current 2024 value, which also stands at Rs 1,500 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,500 per sq.ft.

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-4rd-CROSS ST is above this median.

• RAJAVEETHI-3rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-2rd-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-4rd-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 amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAJAVEETHI-4rd-CROSS ST?

The Sub Registrar Office that covers RAJAVEETHI-4rd-CROSS ST is 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 when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is sold, the guideline value is used to assess the minimum value for registration purposes. This ensures that the property is registered at a value that reflects market conditions, preventing undervaluation during transactions.

Frequently asked questions

What is the current guideline value for RAJAVEETHI-4rd-CROSS ST?

The current guideline value for RAJAVEETHI-4rd-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 for RAJAVEETHI-4rd-CROSS ST has remained unchanged at Rs 1,500 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the guideline value of Rs 1,500 per sq.ft, the total guideline value is 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 office handles registrations for RAJAVEETHI-4rd-CROSS ST?

The Walajabad Sub Registrar Office is responsible for handling registrations for RAJAVEETHI-4rd-CROSS ST, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant in property transactions as it determines the minimum value for registration, which affects the stamp duty and registration fees. It ensures that properties are registered at a value that reflects local market conditions.