Guideline Value for Raja Agraharam street

Raja Agraharam street guideline value

The current guideline value of Raja Agraharam street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Raja Agraharam street has changed

The guideline value for Raja Agraharam street has seen significant changes over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a substantial increase of 400%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it reached Rs 2,740 per sq.ft in 2024, an increase of 10% from the previous year.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 448%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Raja Agraharam street's 2024 value above this median.

• Queen victoria road: Rs 2,200 per sq.ft (2024)
• Raja nagar: Rs 2,200 per sq.ft (2024)
• Rajarathinam salai: Rs 2,200 per sq.ft (2024)
• Poovai devadas nagar: Rs 2,200 per sq.ft (2024)
• Ponniamman Nagar Cross Street: Rs 2,200 per sq.ft (2024)
• Ponniamman Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Agraharam street

For a 1,000 sq.ft plot at the current rate of Rs 2,740 per sq.ft, the guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, totaling Rs 2,46,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raja Agraharam street?

The Raja Agraharam street falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Poonthamallee. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value influences the financial aspects of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, thereby impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Raja Agraharam street?

The current guideline value of Raja Agraharam street is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, with various increases and decreases in between.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What are the stamp duty and registration fees for property in Raja Agraharam street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,46,600 based on the current guideline value.

What other streets have guideline values in Poonthamallee?

Other streets in Poonthamallee, such as Queen Victoria Road and Raja Nagar, have a guideline value of Rs 2,200 per sq.ft in 2024.