Guideline Value for RAJESWARI NAGAR

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar, located in Aaladu village under the Ponneri SRO, is Rs 200 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rajeswari Nagar has changed

The guideline value for Rajeswari Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft. It then decreased to Rs 134 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, it increased significantly by 49% back to Rs 200 per sq.ft. The 2023 revision maintained this value, and the current 2024 revision also remains at Rs 200 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, or 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Aaladu

Aaladu village has 13 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Rajeswari Nagar's 2024 figure at the median level.

• Rajam Nagar: Rs 200 per sq.ft (2024)
• Rudhran Nagar: Rs 300 per sq.ft (2024)
• Sri Vari Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Vengadachalapathi Avenue: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 per sq.ft (2024)
• Illahi Nagar: Rs 200 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making a total of Rs 18,000. 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 Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Aaladu. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately and in compliance with local regulations. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar?

The current guideline value of Rajeswari Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Rajeswari Nagar?

Rajeswari Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty for property transactions in Rajeswari Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Rajeswari Nagar located?

The Ponneri Sub Registrar Office, which covers Rajeswari Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.