Guideline Value for RAJESHWARI NAGAR (VAL)

Rajeshwari Nagar (Val) guideline value

The current guideline value of Rajeshwari Nagar (Val) is Rs 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram 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 undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and most recently, it rose to Rs 881 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, and Rajeshwari Nagar (Val) is above this median with its current guideline value of Rs 881 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 881 per sq.ft (2024)
• P.V.N. Avenue Thailavaram (Ward-21): Rs 770 per sq.ft (2024)
• Psa Nagar (Ward -1): Rs 881 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 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total to Rs 79,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rajeshwari Nagar (Val)?

The Sub Registrar Office that covers Rajeshwari Nagar (Val) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Thailavaram

The guideline value plays a crucial role in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the buyer and seller must consider the guideline value, as it may affect the overall cost of the transaction. The higher of the guideline value and the actual sale price is used to calculate the applicable duties and fees during registration.

Frequently asked questions

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

The current guideline value for Rajeshwari Nagar (Val) is Rs 881 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 to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification for Rajeshwari Nagar (Val)?

Rajeshwari Nagar (Val) is classified as Residential Class I Type - II.

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

For a property valued at Rs 8,81,000, the stamp duty would be Rs 61,670 and the registration fee would be Rs 17,620, totaling Rs 79,290.

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.