Guideline Value for RAJU 7 TH STREET

Raju 7 Th Street guideline value

The current guideline value of Raju 7 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. The land classification for this area is Residential Class I Type - II.

How the guideline value of Raju 7 Th Street has changed

The guideline value for Raju 7 Th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 3,900 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 11% from 2023 to 2024. 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 7 Th Street's 2024 figure above that median.

• Raju 6 Th Street: Rs 3,900 per sq.ft (2024)
• Raju 5 Th Street: Rs 3,900 per sq.ft (2024)
• Raju Main Road: Rs 4,400 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 Nagar I: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Raju 7 Th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the 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, making the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raju 7 Th Street?

The Sub Registrar Office that covers Raju 7 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 is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for calculating the stamp duty and registration fees that are required during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Raju 7 Th Street?

The current guideline value of Raju 7 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, reflecting an increase of 11%. 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 7 Th Street?

The land classification for Raju 7 Th Street is Residential Class I Type - II.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 3,51,000, calculated based on the guideline value of Rs 39,00,000.

Where is the Sub Registrar Office for Raju 7 Th Street located?

The Neelankarai Sub Registrar Office, which covers Raju 7 Th Street, is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.