Guideline Value for RAJI STREET

Raji Street guideline value

The current guideline value of Raji Street is Rs 9,900 per sq.ft. It is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Raji Street has changed

In the 2012 revision, the guideline value for Raji Street was Rs 9,000 per sq.ft. This figure was reduced to Rs 6,030 per sq.ft in the 2017 revision, representing a decrease of 33%. Following this, the value increased significantly to Rs 9,000 per sq.ft in the 2023 revision, and then rose again to Rs 9,900 per sq.ft in the 2024 revision, marking a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes from the 2017 revision to the 2023 revision reflect a substantial increase of 49%.

Guideline values in Thiruvanmiyur

Thiruvanmiyur village has a total of 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, which is equal to the current guideline value of Raji Street.

• Rajeswari Nagar: Rs 3,520 per sq.ft (2024)
• Rajasrinivasa Nagar: Rs 9,900 per sq.ft (2024)
• Raju Street: Rs 7,160 per sq.ft (2024)
• Raja Rangasamy Avenue: Rs 7,160 per sq.ft (2024)
• Ramalinga Nagar: Rs 9,900 per sq.ft (2024)
• Rajaji Nagar Main Road: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Raji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. 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 Raji Street?

Raji Street falls under the jurisdiction of 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 information.

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

The guideline value is an essential reference point during property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees applicable when registering a property sale or purchase.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately for taxation purposes. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

Frequently asked questions

What is the current guideline value of Raji Street?

The current guideline value of Raji Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Raji Street has changed from Rs 9,000 in 2012 to Rs 6,030 in 2017, then back to Rs 9,000 in 2023, and finally to Rs 9,900 in 2024.

What is the land classification of Raji Street?

Raji Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for property in Raji Street?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which office handles registrations for Raji Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Raji Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.