Guideline Value for RAJKHAM SIVER CREST (LO)

Rajkham Siver Crest (Lo) guideline value

The current guideline value of Rajkham Siver Crest (Lo) is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Madurabakkam village, under the Selaiyur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Rajkham Siver Crest (Lo) has changed

The guideline value for Rajkham Siver Crest (Lo) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,300 per sq.ft as of the 2024 revision. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 8%.

Guideline values in Madurabakkam

In Madurabakkam, there are 23 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Rajkham Siver Crest (Lo) below this median.

• Periya Street: Rs 1,300 per sq.ft (2024)
• Sarojini Nagar: Rs 2,500 per sq.ft (2024)
• Panchayat Road: Rs 1,100 per sq.ft (2024)
• Shankar Nagar: Rs 1,300 per sq.ft (2024)
• Silver Crest: Rs 1,700 per sq.ft (2024)
• Madurapakkam Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajkham Siver Crest (Lo)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajkham Siver Crest (Lo)?

The Sub Registrar Office that covers Rajkham Siver Crest (Lo) is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madurabakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for all property transactions.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Rajkham Siver Crest (Lo)?

The current guideline value of Rajkham Siver Crest (Lo) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. The value has also seen fluctuations, including a decrease from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017.

What is the land classification for Rajkham Siver Crest (Lo)?

Rajkham Siver Crest (Lo) is classified as Residential Class II Type - I, indicating its use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

How is stamp duty calculated for properties in Rajkham Siver Crest (Lo)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.