Guideline Value for RAJENDRAN NAGAR

Rajendran Nagar guideline value

The current guideline value of Rajendran Nagar is Rs 6,850 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village, under the Pammal SRO, and is classified as Residential Special Type - I.

How the guideline value of Rajendran Nagar has changed

In the 2017 revision, the guideline value for Rajendran Nagar was Rs 4,170 per sq.ft. The most recent revision in 2024 has seen this value rise to Rs 6,850 per sq.ft, marking an increase of 64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

Prior to the 2017 revision, the guideline value for Rajendran Nagar was not specified in the register for the years mentioned. The significant jump from Rs 4,170 per sq.ft in 2017 to Rs 6,850 per sq.ft in 2024 reflects a notable change in the guideline value for this area.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Rajendran Nagar's 2024 figure above this median.

• Ramakrishna Nagar: Rs 2,750 per sq.ft (2024)
• Ramakrishna Nagar Annex: Rs 3,290 per sq.ft (2024)
• Ramakrishna Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Ramamoorthi Avenue: Rs 2,750 per sq.ft (2024)
• Ramamoorthy Avenue Extn.: Rs 2,750 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 6,850 per sq.ft, the total guideline value would be Rs 68,50,000. The stamp duty at 7% would amount to Rs 4,79,500, and the registration fee at 2% would be Rs 1,37,000, making the total charges Rs 6,16,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rajendran Nagar?

The Sub Registrar Office covering Rajendran Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kolapakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Kolapakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the necessary revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Rajendran Nagar?

The current guideline value of Rajendran Nagar is Rs 6,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 4,170 per sq.ft to Rs 6,850 per sq.ft, which is a rise of 64%.

What is the land classification for Rajendran Nagar?

Rajendran Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the registration office for Rajendran Nagar?

The registration office for Rajendran Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It is compared to the sale price, and the higher value is used for calculating the applicable charges.