Guideline Value for RAJU 5 TH STREET

Raju 5 Th Street guideline value

The current guideline value of Raju 5 Th 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 5 Th Street has changed

Over the years, the guideline value of Raju 5 Th Street has seen several revisions. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an increase from Rs 3,500 per sq.ft in 2023, marking an 11% rise. Prior to that, the value was Rs 2,345 per sq.ft in 2017, reflecting a significant increase of 49% over six years. The value in 2012 was Rs 3,500 per sq.ft, showing a decrease of 33% from the 2017 figure.

There are no recorded guideline values for Raju 5 Th Street in the years 2002, 2003, or 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, and Raju 5 Th Street's 2024 figure of Rs 3,900 per sq.ft is above this median.

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

Stamp duty and registration fee for property in Raju 5 Th 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, bringing the total costs together to 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 more detailed calculations.

Which Sub Registrar Office covers Raju 5 Th Street?

The Sub Registrar Office that covers Raju 5 Th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Raju 5 Th Street?

The current guideline value of Raju 5 Th 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 changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Raju 5 Th Street?

Raju 5 Th Street is classified as Residential Class I Type - II.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Raju 5 Th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total costs include stamp duty and registration fees based on the guideline value.