Guideline Value for RAJESHWARI NAGAR (VAL)

Rajeshwari Nagar (Val) guideline value

The current guideline value of Rajeshwari Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Konathi village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Rajeshwari Nagar (Val) has changed

The guideline value for Rajeshwari Nagar (Val) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the latest revision in 2024 raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes between the revisions, the value increased by 49% from 2017 to 2023. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Rajeshwari Nagar (Val) above that median at Rs 880 per sq.ft.

• Rajendra Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Rajeswari Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Rajivgandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Ramani Thottam (Ward-20): Rs 880 per sq.ft (2024)
• P.V.N. Avenue Thailavaram (Ward-21): Rs 770 per sq.ft (2024)
• Psa Nagar (Ward -1): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeshwari Nagar (Val)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. 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 Rajeshwari Nagar (Val)?

Rajeshwari Nagar (Val) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Konathi. It is used to calculate the stamp duty and registration fees that need to be paid during the registration of property transactions.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajeshwari Nagar (Val)?

The current guideline value of Rajeshwari Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Rajeshwari Nagar (Val)?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Rajeshwari Nagar (Val)?

The Chengleput Joint II Sub Registrar Office handles registrations for Rajeshwari Nagar (Val), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value determined in Konathi?

The guideline value in Konathi is determined by the Registration Department's guideline value register, which reflects the market conditions and property classifications in the area.