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Guideline Value

Corporate

Guideline Value for RAJESHWARI NAGAR MAIN ROAD

₹2480/sq.ft.

The guideline value for Rajeshwari Nagar Main Road 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 Main Road

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Rajeshwari Nagar Main Road guideline value

The current guideline value of Rajeshwari Nagar Main Road is Rs 2,480 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Rajeshwari Nagar Main Road 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 in the 2017 revision to Rs 1,507 per sq.ft, marking a decline of 33%. In 2023, the value increased to Rs 2,250 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,480 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. 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 value for these streets is Rs 1,930 per sq.ft, placing Rajeshwari Nagar Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Rajeshwari Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,480 per sq.ft, the total guideline value amounts to Rs 24,80,000. The stamp duty at 7% would be Rs 1,73,600, and the registration fee at 2% would be Rs 49,600, bringing the total cost for these fees to Rs 2,23,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rajeshwari Nagar Main Road?

Rajeshwari Nagar Main Road is covered by 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 information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Karambakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the value of the property, and it is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process. This ensures a smooth transaction and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rajeshwari Nagar Main Road?

The current guideline value of Rajeshwari Nagar Main Road 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 Main Road?

The land classification for Rajeshwari Nagar Main Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Rajeshwari Nagar Main Road?

The Sub Registrar Office for Rajeshwari Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Rajeshwari Nagar Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,80,000, the stamp duty would be Rs 1,73,600 at a rate of 7%.