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Guideline Value

Corporate

Guideline Value for RAJESHWARI NAGAR 1ST STREET

₹2480/sq.ft.

The guideline value for Rajeshwari Nagar 1st Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2480 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2480 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajeshwari Nagar 1st Street

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Rajeshwari Nagar 1st Street guideline value

The current guideline value of Rajeshwari Nagar 1st Street is Rs 2,480 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajeshwari Nagar 1st Street has changed

The guideline value for Rajeshwari Nagar 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,250 per sq.ft, which was followed by a decrease to Rs 1,507 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 2,250 per sq.ft, and the current 2024 revision has further raised it to Rs 2,480 per sq.ft, reflecting a 10% increase from the previous year.

Looking at the changes, the guideline value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, making the current figure for Rajeshwari Nagar 1st Street above the median.

Stamp duty and registration fee for property in Rajeshwari Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,480 per sq.ft, the total guideline value would be Rs 24,80,000. The stamp duty, charged at 7%, would amount to Rs 1,73,600, while the registration fee at 2% would be Rs 49,600. Together, these fees would total Rs 2,23,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeshwari Nagar 1st Street?

The Sub Registrar Office that covers Rajeshwari Nagar 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Karambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the applicable stamp duty and registration fees.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. This ensures that the transaction is recorded accurately, reflecting the property's value according to the latest revisions in the guideline value register.

Frequently asked questions

What is the current guideline value of Rajeshwari Nagar 1st Street?

The current guideline value of Rajeshwari Nagar 1st Street is Rs 2,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2012 to Rs 1,507 per sq.ft in 2017, then back to Rs 2,250 per sq.ft in 2023, and finally to Rs 2,480 per sq.ft in 2024.

What is the land classification for Rajeshwari Nagar 1st Street?

The land classification for Rajeshwari Nagar 1st Street is Residential Class II Type - I.

What are the stamp duty and registration fees for properties in Rajeshwari Nagar 1st Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,23,200.

Which office handles property registrations for Rajeshwari Nagar 1st Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Rajeshwari Nagar 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.