Guideline Value for ROJA NAGAR

Roja Nagar guideline value

The current guideline value of Roja Nagar, located in Pothur village under the Redhills SRO, is Rs 365 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Roja Nagar has changed

The guideline value for Roja Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 365 per sq.ft, which reflects a 9% increase from the 2023 revision where the value was Rs 335 per sq.ft. Prior to that, the 2017 revision also recorded the value at Rs 335 per sq.ft, indicating no change from 2017 to 2023. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 9%. This consistent rise indicates a stable valuation process for Roja Nagar within the context of the available data.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Roja Nagar is below this median.

• R.G. Nagar Annex-I: Rs 440 per sq.ft (2024)
• Sai Kiruba Nagar: Rs 1,480 per sq.ft (2024)
• Raj Nagar: Rs 1,480 per sq.ft (2024)
• Sarathi Nagar: Rs 440 per sq.ft (2024)
• Raja Yoga Ganapathy Nagar: Rs 550 per sq.ft (2024)
• Selva Ganapathi Nagar: Rs 550 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 365 per sq.ft, the total guideline value would be Rs 3,65,000. The stamp duty, charged at 7%, amounts to Rs 25,550, while the registration fee at 2% is Rs 7,300. Thus, the total cost for stamp duty and registration fees would be Rs 32,850. 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 Roja Nagar?

The Roja Nagar area falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pothur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. This ensures that all transactions are conducted transparently and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Roja Nagar?

The current guideline value of Roja Nagar is Rs 365 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2023 to Rs 365 per sq.ft in 2024, reflecting a 9% increase. There was no change in the value from 2017 to 2023, as it remained at Rs 335 per sq.ft.

What are the guideline values for other streets in Pothur?

In Pothur, other streets have varying guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, while Roja Nagar's value is below this median.

What fees are associated with property registration in Roja Nagar?

For property registration in Roja Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 32,850.

Which office handles property registrations in Roja Nagar?

The Redhills Sub Registrar Office handles property registrations for Roja Nagar. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.