Guideline Value for RAJESWARI NAGAR 1 TO 5 STREETS

Rajeswari Nagar 1 To 5 Streets guideline value

The current guideline value for Rajeswari Nagar 1 To 5 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this street is Residential Class I Type - I.

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

Looking at the revisions, the guideline value for Rajeswari Nagar 1 To 5 Streets has seen changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figure for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in S. Kullathur

In S. Kullathur, there are 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 is Rs 2,750 per sq.ft, which is equal to the 2024 guideline value for Rajeswari Nagar 1 To 5 Streets.

• Rajeswari Nagar 1 To 5 Main Road: 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 Streets

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, while the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. 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 1 To 5 Streets?

The Sub Registrar Office that covers Rajeswari Nagar 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in S. Kullathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rajeswari Nagar 1 To 5 Streets?

The current guideline value for Rajeswari Nagar 1 To 5 Streets 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 remained at Rs 2,500 per sq.ft from 2012 to 2023, but increased to Rs 2,750 per sq.ft in 2024, marking a 10% rise from the previous year.

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

The land classification for Rajeswari Nagar 1 To 5 Streets is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Rajeswari Nagar 1 To 5 Streets?

The Sub Registrar Office for Rajeswari Nagar 1 To 5 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on 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.