Guideline Value for RAJI NAGAR

Raji Nagar guideline value

The current guideline value of Raji Nagar, located in Mamandoor village under the Chengleput Joint II SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Raji Nagar has changed

The guideline value for Raji Nagar has remained consistent at Rs 300 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

As such, the 2024 revision marks a stable period for the guideline value, with no percentage change from the previous year. This consistency may reflect the local real estate dynamics within Mamandoor village.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. Raji Nagar's 2024 figure is below this median, indicating its position within the local market.

• Raja Garden: Rs 400 per sq.ft (2024)
• R.P.G Rainbow City: Rs 800 per sq.ft (2024)
• Sai Sri Sastha Nagar Phase 1 & 2: Rs 500 per sq.ft (2024)
• Pallava Nagar: Rs 400 per sq.ft (2024)
• Senthil Nagar: Rs 500 per sq.ft (2024)
• N.T.R Garden: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Raji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Raji Nagar?

The Chengleput Joint II Sub Registrar Office covers Raji Nagar. The office is 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 Mamandoor

The guideline value is an essential factor during property registration in Mamandoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the local government.

When buying or selling property, the guideline value can influence the overall cost of registration. Buyers must be aware of the current guideline value to estimate their expenses accurately and comply with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Raji Nagar?

The current guideline value of Raji Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Raji Nagar has remained at Rs 300 per sq.ft since 2023, with no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Mamandoor?

Other streets in Mamandoor have varying guideline values, ranging from Rs 300 to Rs 1,200 per sq.ft. For example, Raja Garden is Rs 400 per sq.ft, while R.P.G Rainbow City is Rs 800 per sq.ft.

What is the stamp duty rate for property in Raji Nagar?

The stamp duty rate for property in Raji Nagar is 7% of the guideline value or sale price, whichever is higher. This is an important consideration when budgeting for a property purchase.

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

The Chengleput Joint II Sub Registrar Office, which covers Raji Nagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.