Guideline Value for RAJENDRA PRASAD

Rajendra Prasad guideline value

The current guideline value of Rajendra Prasad in Ottiyampakkam village is Rs 1,950 per sq.ft, effective from the 2024 revision. This area falls under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajendra Prasad has changed

The guideline value for Rajendra Prasad has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,950 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and by 8% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft, which is equal to the current guideline value for Rajendra Prasad.

• Rajendra Prasad Street: Rs 1,950 per sq.ft (2024)
• Ramakrishnan Street: Rs 1,950 per sq.ft (2024)
• Reddiyambakkam Main Road: Rs 1,650 per sq.ft (2024)
• Project Aran: Rs 4,000 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,950 per sq.ft (2024)
• Ponniamman Koil Cross Street: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendra Prasad

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, resulting in a total cost of Rs 1,75,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajendra Prasad?

The Sub Registrar Office that covers Rajendra Prasad is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ottiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Rajendra Prasad?

The current guideline value of Rajendra Prasad is Rs 1,950 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,950 per sq.ft in 2024.

What are the other streets with the same guideline value in Ottiyampakkam?

Other streets in Ottiyampakkam with the same guideline value of Rs 1,950 per sq.ft include Ramakrishnan Street, Ponniamman Koil Street, and Ponniamman Koil Cross Street.

What is the registration fee for property in Rajendra Prasad?

The registration fee for property in Rajendra Prasad is calculated based on the guideline value. For a property valued at Rs 19,50,000, the registration fee would be Rs 39,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Rajendra Prasad?

The Sub Registrar Office covering Rajendra Prasad is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details by visiting the provided link.