Guideline Value for RAJENDRA GARDEN SALAI

Rajendra Garden Salai guideline value

The current guideline value of Rajendra Garden Salai is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rajendra Garden Salai has changed

The guideline value of Rajendra Garden Salai has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision, and further rose to the current value of Rs 3,900 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, and increased by 11% from 2023 to 2024. Overall, from 2012 to 2024, there has been an increase of 11%. It is noteworthy that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. Rajendra Garden Salai's 2024 figure of Rs 3,900 per sq.ft is above this median.

• Rajendra Cross Street: Rs 3,900 per sq.ft (2024)
• Rajendra Salai: Rs 3,900 per sq.ft (2024)
• Rajiv Avenue: Rs 4,500 per sq.ft (2024)
• Rajan Nagar Salai: Rs 1,700 per sq.ft (2024)
• Rajan Nagar 3rd Cross Street: Rs 1,700 per sq.ft (2024)
• Rajan Nagar 2nd Cross Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendra Garden Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. 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 more information.

Which Sub Registrar Office covers Rajendra Garden Salai?

The Sub Registrar Office that covers Rajendra Garden Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Enjambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This means that both buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Rajendra Garden Salai?

The current guideline value of Rajendra Garden Salai is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Rajendra Garden Salai?

Rajendra Garden Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property in Rajendra Garden Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.