Guideline Value for RAJESHWARI NAGAR (VAL)

Rajeshwari Nagar (Val) guideline value

The current guideline value for Rajeshwari Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Vallancheri village and falls under the Chengleput Joint II SRO, 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. The most recent revision in 2024 set the value at Rs 880 per sq.ft, an increase from the 2023 figure of Rs 800 per sq.ft, marking a change of +10%. Prior to that, in 2017, the value was Rs 536 per sq.ft, which means there was a significant increase of +49% when compared to the 2023 revision. The 2012 revision also recorded a value of Rs 800 per sq.ft, showing a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value increased by +10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was Rs 800 per sq.ft, and the subsequent revisions have reflected changes in the property market in Vallancheri.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 825 per sq.ft, placing Rajeshwari Nagar (Val) above this median.

• Rajendra Nagar (Ward -1): Rs 880 per sq.ft (2024)
• Rajeswari Nagar Main Road (Ward -1): Rs 880 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 would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Vallancheri. It determines the minimum value for which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to understand the financial implications of the transaction. It serves as a benchmark for pricing and is essential for legal documentation 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 2023 to Rs 880 per sq.ft in 2024, a +10% increase. From 2017 to 2023, it increased by +49%, and from 2012 to 2017, it decreased by -33%.

What is the median guideline value in Vallancheri?

The median guideline value in Vallancheri is Rs 825 per sq.ft, with Rajeshwari Nagar (Val) currently above this median at Rs 880 per sq.ft.

What are the stamp duty and registration fees for properties 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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajeshwari Nagar (Val)?

The Sub Registrar Office for Rajeshwari Nagar (Val) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. More information can be found by searching for your SRO.