Guideline Value for RAJESWARI STREET

Rajeswari Street guideline value

The current guideline value of Rajeswari Street is Rs 4,300 per sq.ft. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Rajeswari Street has changed

Over the years, the guideline value of Rajeswari Street has seen significant changes. Starting from the 2002 revision, where the value was Rs 382 per sq.ft, it increased to Rs 419 per sq.ft in 2003, marking a 10% rise. The value then saw a substantial jump to Rs 800 per sq.ft in 2007, reflecting a 91% increase. The 2012 revision maintained the value at Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision.

In 2023, the guideline value was revised to Rs 4,000 per sq.ft, and then it increased by 8% to Rs 4,300 per sq.ft in the 2024 revision. Notably, there is no figure available for the year 2017 in the register for this street.

Guideline values in Perambur

In Perambur village, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Rajeswari Street's 2024 figure of Rs 4,300 per sq.ft is above this median.

• Rajiv Gandhi Nagar: Rs 3,200 per sq.ft (2024)
• Rajiv Gandhi Nagar Hut Area: Rs 2,200 per sq.ft (2024)
• Ramakrishna Mudali 1st Street: Rs 3,800 per sq.ft (2024)
• Ramakrishna Mudali 2nd Street: Rs 3,800 per sq.ft (2024)
• Ramakrishna Mudali Street: Rs 3,800 per sq.ft (2024)
• Rajangam Street: Rs 2,700 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 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, resulting in a total of Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajeswari Street?

The Sub Registrar Office that covers Rajeswari Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajeswari Street?

The current guideline value of Rajeswari Street is Rs 4,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 382 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, with various revisions reflecting increases in value over the years.

What is the land classification for Rajeswari Street?

Rajeswari Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where is the Sub Registrar Office for Rajeswari Street located?

The Sub Registrar Office for Rajeswari Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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, a property valued at Rs 43,00,000 would incur a stamp duty of Rs 3,01,000 and a registration fee of Rs 86,000.