Guideline Value for RAJU 3 RD STREET

Raju 3 Rd Street guideline value

The current guideline value of Raju 3 Rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Raju 3 Rd Street has changed

In the 2012 revision, the guideline value for Raju 3 Rd Street was Rs 3,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 2,345 per sq.ft. Following this, the 2023 revision saw a significant increase to Rs 3,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,900 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects an increase of 11%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 11%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Raju 3 Rd Street's 2024 value above this median.

• Raju 2 Nd Street: Rs 3,900 per sq.ft (2024)
• Raju 4 Th Street: Rs 3,900 per sq.ft (2024)
• Raju 1 St Street: Rs 3,900 per sq.ft (2024)
• Raju 5 Th Street: Rs 3,900 per sq.ft (2024)
• Raju 6 Th Street: Rs 3,900 per sq.ft (2024)
• Raju 7 Th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Raju 3 Rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, resulting in a total of Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Raju 3 Rd Street?

The Raju 3 Rd Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, please visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Raju 3 Rd Street?

The current guideline value of Raju 3 Rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, representing an 11% increase. The value has also increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, which is a 49% increase.

What is the land classification of Raju 3 Rd Street?

Raju 3 Rd Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Raju 3 Rd Street is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find more details on how to locate your SRO by visiting the relevant link.