Guideline Value for RAJESWARI NAGAR 1 TO 5 MAIN ROAD

Rajeswari Nagar 1 To 5 Main Road guideline value

The current guideline value for Rajeswari Nagar 1 To 5 Main Road is Rs 2,750 per sq.ft. This street is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rajeswari Nagar 1 To 5 Main Road has changed

Looking at the historical revisions, the guideline value for Rajeswari Nagar 1 To 5 Main Road has seen several changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was still Rs 2,500 per sq.ft, but in the latest 2024 revision, it increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in S. Kullathur

In S. Kullathur, there are a total of 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which aligns with the current guideline value for Rajeswari Nagar 1 To 5 Main Road.

• Rajeswari Nagar 1 To 5 Streets: Rs 2,750 per sq.ft (2024)
• Rajeev Nagar: Rs 3,300 per sq.ft (2024)
• Raja Rajeshwari Nagar: Rs 2,750 per sq.ft (2024)
• Rajiv Nagar 1 To 5 Main Road: Rs 2,530 per sq.ft (2024)
• Raja Nagar 1 To 4 Streets: Rs 3,300 per sq.ft (2024)
• RAJA Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Nagar 1 To 5 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. 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 detailed calculations.

Which Sub Registrar Office covers Rajeswari Nagar 1 To 5 Main Road?

The Sub Registrar Office covering Rajeswari Nagar 1 To 5 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor when registering property transactions in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar 1 To 5 Main Road?

The current guideline value of Rajeswari Nagar 1 To 5 Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, marking a 10% increase overall. There was no change between the 2012 and 2023 revisions.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Rajeswari Nagar 1 To 5 Main Road?

The Pallavaram Sub Registrar Office handles the registration for Rajeswari Nagar 1 To 5 Main Road, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Rajeswari Nagar 1 To 5 Main Road?

The land classification for Rajeswari Nagar 1 To 5 Main Road is Residential Class I Type - I, indicating that it is primarily designated for residential use.