Guideline Value for RAJENDRA NAGAR EXTN

Rajendra Nagar Extn guideline value

The current guideline value of Rajendra Nagar Extn is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village under the Pallavaram SRO, classified as Commercial Class I Type - I.

How the guideline value of Rajendra Nagar Extn has changed

The guideline value for Rajendra Nagar Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was then reduced to Rs 3,350 per sq.ft in 2017. Following this, the value increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing Rajendra Nagar Extn above that median.

• Rajendra Nagar: Rs 5,500 per sq.ft (2024)
• Rajendra Nagar Main Road: Rs 5,500 per sq.ft (2024)
• Rajamanickam Nagar: Rs 5,500 per sq.ft (2024)
• Ramasamy 1st Street: Rs 2,160 per sq.ft (2024)
• Ramaswamy Street: Rs 2,160 per sq.ft (2024)
• Ragavan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendra Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajendra Nagar Extn?

The Rajendra Nagar Extn area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Rajendra Nagar Extn?

The current guideline value of Rajendra Nagar Extn is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2023, and is now Rs 5,500 per sq.ft in 2024.

What is the land classification for Rajendra Nagar Extn?

Rajendra Nagar Extn is classified as Commercial Class I Type - I under the Pallavaram SRO.

What are the stamp duty rates in Rajendra Nagar Extn?

The stamp duty in Rajendra Nagar Extn is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rajendra Nagar Extn located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.