Guideline Value for RAJESWARI NAGAR (CHEN)

Rajeswari Nagar (Chen) guideline value

The current guideline value of Rajeswari Nagar (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Rajeswari Nagar (Chen) has changed

The guideline value for Rajeswari Nagar (Chen) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2017 revision did not have a figure for this street, and the register has no figures for the years 2002, 2003, and 2007.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making Rajeswari Nagar (Chen)'s 2024 figure below that median.

• Rajiv Gandhi Street (Chen): Rs 660 per sq.ft (2024)
• Rajaji Street (Chen): Rs 660 per sq.ft (2024)
• Rajagopal Street (Chen): Rs 660 per sq.ft (2024)
• Ragavendra Nagar (Sith): Rs 770 per sq.ft (2024)
• Rose Garden (Chen): Rs 770 per sq.ft (2024)
• Prema Nagar (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Nagar (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeswari Nagar (Chen)?

The Sub Registrar Office that covers Rajeswari Nagar (Chen) 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 Sengundram - 1

The guideline value is a critical factor in the registration process for buying or selling property in Sengundram - 1. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar (Chen)?

The current guideline value of Rajeswari Nagar (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Rajeswari Nagar (Chen)?

Rajeswari Nagar (Chen) is classified as Residential Class I Type - III.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, with Rajeswari Nagar (Chen) being below this median at Rs 660 per sq.ft.

Where can I find the Sub Registrar Office for Rajeswari Nagar (Chen)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about it through the provided link.