Guideline Value for ROJA NAGAR

Roja Nagar guideline value

The current guideline value of Roja Nagar, located in Arayapakkam village under the Madurandakam SRO, is Rs 203 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Roja Nagar has changed

The guideline value for Roja Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the 2023 revision increased the value to Rs 200 per sq.ft, and the most recent 2024 revision has raised it to Rs 203 per sq.ft, marking a 2% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 2%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Arayapakkam

In Arayapakkam, there are 15 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 120 to Rs 400 per sq.ft, with a median value of Rs 203 per sq.ft. The guideline value for Roja Nagar aligns with this median.

• Royal City Phase - I Ext: Rs 250 per sq.ft (2024)
• Royal City Phase - II Ext: Rs 250 per sq.ft (2024)
• Rayal City Phase-II: Rs 200 per sq.ft (2024)
• Ramya Reng & Ramya Ramaa: Rs 202 per sq.ft (2024)
• Sri Krishna Nagar: Rs 203 per sq.ft (2024)
• Sri Patchaiyammal Nagar: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 203 per sq.ft, the total guideline value would be Rs 2,03,000. The stamp duty at 7% would amount to Rs 14,210, and the registration fee at 2% would be Rs 4,060, bringing the total fees to Rs 18,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Roja Nagar?

The Roja Nagar area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Arayapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the agreed sale price, ensuring that all transactions are conducted fairly.

Frequently asked questions

What is the current guideline value of Roja Nagar?

The current guideline value of Roja Nagar is Rs 203 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 203 per sq.ft in 2024.

What is the land classification of Roja Nagar?

Roja Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 203 per sq.ft, the total fees would amount to Rs 18,270.