Guideline Value for RAJESWARI NAGAR

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar, located in Kayirambedu village, is Rs 2,986 per sq.ft. This value is effective from the 2024 revision, which falls under the Chengleput Joint II SRO. The land classification for this area is Mixed Type - III.

How the guideline value of Rajeswari Nagar has changed

The guideline value for Rajeswari Nagar has remained consistent in recent revisions. In the 2023 revision, the guideline value was Rs 2,986 per sq.ft, which is the same as the figure set in the 2024 revision, effective from 1 July 2024. The register has no figure for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

Since the guideline value has not changed between the 2023 and 2024 revisions, the change is recorded as +0%. This stability in the guideline value indicates that the rate has not fluctuated during this period.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Rajeswari Nagar's guideline value of Rs 2,986 per sq.ft is significantly above this median.

• Rajeev Nagar: Rs 700 per sq.ft (2024)
• Ram Nagar: Rs 700 per sq.ft (2024)
• Ragavendra Nagar: Rs 700 per sq.ft (2024)
• Ravindranath Tagore Nagar: Rs 700 per sq.ft (2024)
• Purva Soukhyam Phase-M: Rs 1,600 per sq.ft (2024)
• Purva Soukhyam Phase-C: Rs 1,600 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 2,986 per sq.ft, the total guideline value amounts to Rs 29,86,000. The stamp duty at 7% would be Rs 2,09,020, and the registration fee at 2% would be Rs 59,720, bringing the total cost to Rs 2,68,740. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeswari Nagar?

The Sub Registrar Office that covers Rajeswari Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kayirambedu, the guideline value plays a crucial role in determining the registration fees and stamp duty. These charges are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to accurately assess the costs involved in property transactions. This helps in understanding the financial implications and preparing for the necessary fees at the time of registration.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar?

The current guideline value of Rajeswari Nagar is Rs 2,986 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajeswari Nagar has remained consistent at Rs 2,986 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Rajeswari Nagar?

The land classification for Rajeswari Nagar is Mixed Type - III, which indicates the type of development allowed in the area.

What are the stamp duty rates for property transactions in Rajeswari Nagar?

The stamp duty for property transactions in Rajeswari Nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

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

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