Guideline Value for RAJI APPARTMENT

Raji Appartment guideline value

The current guideline value for Raji Appartment is Rs 702 per sq.ft, effective from 1 July 2024. It is located in Ponneri_2 village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Raji Appartment has changed

The guideline value for Raji Appartment has seen revisions over the years, with the latest figures showing an increase from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024, marking a change of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2023 revision, the guideline value was Rs 700 per sq.ft. The previous revisions do not provide any figures for Raji Appartment, indicating that there were no recorded values for the years leading up to 2023.

Guideline values in Ponneri_2

Ponneri_2 village has 75 streets under the Ponneri SRO, with guideline values ranging from Rs 700 to Rs 1,300 per sq.ft. The median value is Rs 700 per sq.ft, which means Raji Appartment's 2024 figure is above that median.

• Ramachanra Street: Rs 700 per sq.ft (2024)
• Rajam Nagar: Rs 1,300 per sq.ft (2024)
• Railway Station Road: Rs 1,200 per sq.ft (2024)
• Ramaswami Chetty Street: Rs 700 per sq.ft (2024)
• Puliyan Thoppu: Rs 700 per sq.ft (2024)
• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Raji Appartment

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, resulting in a total of Rs 63,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raji Appartment?

The Raji Appartment is covered by 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 Ponneri_2

The guideline value is a critical factor during property registration in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the higher of the guideline value or the sale price is used to calculate the applicable duties. This ensures that the registration process reflects the current market conditions and values accurately.

Frequently asked questions

What is the current guideline value for Raji Appartment?

The current guideline value for Raji Appartment is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the classification of Raji Appartment?

Raji Appartment is classified as Residential Class I Type - I, indicating its designation for residential use within the Ponneri_2 village.

What are the stamp duty and registration fees for Raji Appartment?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,02,000. The stamp duty is Rs 49,140 and the registration fee is Rs 14,040, totaling Rs 63,180.

Which office handles registrations for Raji Appartment?

The Ponneri Sub Registrar Office handles registrations for Raji Appartment, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.