Guideline Value for RAJENDRAN GAREN - I

Rajendran Garen - I guideline value

The current guideline value of Rajendran Garen - I is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village under the Neelankarai SRO and is classified as Residential Class I Type - II.

How the guideline value of Rajendran Garen - I has changed

The guideline value for Rajendran Garen - I has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 has increased it further to Rs 3,300 per sq.ft.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 124%. The jump from 2023 to 2024 is a further increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 65%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. Rajendran Garen - I's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Rajendran Garden II: Rs 1,100 per sq.ft (2024)
• Rajeswari Garden: Rs 3,300 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 2,800 per sq.ft (2024)
• Rajiv Gandhi Nagar Mettu Colony Street: Rs 2,800 per sq.ft (2024)
• Rajam Garen: Rs 1,100 per sq.ft (2024)
• Ramachari Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendran Garen - I

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would amount to Rs 66,000, bringing the total to Rs 2,97,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajendran Garen - I?

The Sub Registrar Office that covers Rajendran Garen - I 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 information.

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

The guideline value is a critical factor in the registration process of property transactions in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the prevailing market conditions. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rajendran Garen - I?

The current guideline value of Rajendran Garen - I is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 65% over this period.

What are the stamp duty and registration fees for property in Rajendran Garen - I?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Rajendran Garen - I?

The Neelankarai Sub Registrar Office is responsible for handling registrations for Rajendran Garen - I, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

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

The guideline value is crucial in determining the stamp duty and registration fees for property transactions, ensuring that they align with the prevailing market conditions and maintain transparency in dealings.