Guideline Value for RAJESWARI NAGAR

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Kovilambakkam village and falls under the Pallavaram SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Rajeswari Nagar has changed

The guideline value for Rajeswari Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a substantial increase of 49% from the previous 2012 revision, which was Rs 1,200 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. Overall, comparing the 2012 revision to the 2024 revision, there has been a modest increase of 10% in the guideline value for Rajeswari Nagar.

Guideline values in Kovilambakkam

Kovilambakkam village has 61 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, indicating that Rajeswari Nagar's 2024 figure is below this median.

• Rajiv Nagar: Rs 2,970 per sq.ft (2024)
• Rose Nagar: Rs 2,970 per sq.ft (2024)
• Rose Nagar 1 & 2 Main Road: Rs 2,970 per sq.ft (2024)
• PMD Nagar: Rs 4,070 per sq.ft (2024)
• Pillaiyar Koil 1 to 4 Streets: Rs 2,160 per sq.ft (2024)
• Periyar Salai: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. 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 information.

Which Sub Registrar Office covers Rajeswari Nagar?

The Sub Registrar Office that covers Rajeswari Nagar 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Kovilambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating the sale price to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar?

The current guideline value of Rajeswari Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase of 10% from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. The value also increased significantly from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification for Rajeswari Nagar?

The land classification for Rajeswari Nagar is Residential Class IV Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for a property in Rajeswari Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value of Rs 1,320 per sq.ft.

Which office handles property registrations in Rajeswari Nagar?

The Pallavaram Sub Registrar Office handles property registrations for Rajeswari Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.