Guideline Value for RAJESWARI STREET

Rajeswari Street guideline value

The current guideline value of Rajeswari Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Rajeswari Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, which represents a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures listed for Rajeswari Street in the register.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Rajeswari Street.

• Rajiv Gandhi Cross Street: Rs 2,200 per sq.ft (2024)
• Rajathi Street: Rs 2,200 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 2,200 per sq.ft (2024)
• Ramadas Street: Rs 1,650 per sq.ft (2024)
• Rajaji Street Amaravathi Nagar: Rs 2,200 per sq.ft (2024)
• Rajammal Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty is charged at 7%, which amounts to Rs 1,54,000, and the registration fee at 2% comes to Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajeswari Street?

The Sub Registrar Office that covers Rajeswari Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, thus ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajeswari Street?

The current guideline value of Rajeswari Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting at Rs 2,000 per sq.ft in 2012, dropping to Rs 1,340 per sq.ft in 2017, and then rising to Rs 2,200 per sq.ft by 2024.

What are the other streets with the same guideline value in Jelandianpettai?

Other streets in Jelandianpettai with the same 2024 guideline value of Rs 2,200 per sq.ft include Rajiv Gandhi Cross Street, Rajathi Street, Rajiv Gandhi Street, and Rajaji Street Amaravathi Nagar.

What is the registration office for Rajeswari Street?

The registration office for Rajeswari Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Jelandianpettai?

Stamp duty for properties in Jelandianpettai is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.