Guideline Value for RAJU 6 TH STREET

Raju 6 Th Street guideline value

The current guideline value of Raju 6 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 6 Th Street has changed

Over the years, the guideline value of Raju 6 Th Street has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the previous figure of Rs 2,345 per sq.ft in 2017. The 2023 revision raised the value to Rs 3,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. 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, placing Raju 6 Th Street's 2024 figure above this median.

• Raju 5 Th Street: Rs 3,900 per sq.ft (2024)
• Raju 7 Th Street: Rs 3,900 per sq.ft (2024)
• Raju 4 Th Street: Rs 3,900 per sq.ft (2024)
• Raju 3 Rd Street: Rs 3,900 per sq.ft (2024)
• Raju Main Road: Rs 4,400 per sq.ft (2024)
• Raju 2 Nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Raju 6 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 would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these fees 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raju 6 Th Street?

The Sub Registrar Office that covers Raju 6 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

When buying or selling property in Okkiyamthuraipakkam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees, ensuring that the correct amounts are paid based on the property's value.

Understanding the guideline value helps buyers and sellers navigate the legal requirements involved in property transactions, making it essential to refer to the latest figures before proceeding with any sale or purchase.

Frequently asked questions

What is the current guideline value of Raju 6 Th Street?

The current guideline value of Raju 6 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 6 Th Street?

Raju 6 Th Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Raju 6 Th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 3,51,000 based on the current guideline value.

Which Sub Registrar Office covers Raju 6 Th Street?

The Neelankarai Sub Registrar Office covers Raju 6 Th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.