Guideline Value for Raja Garden Main Road

Raja Garden Main Road guideline value

The current guideline value of Raja Garden Main Road is Rs 3,301 per sq.ft, effective from 1 July 2024. This road is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Raja Garden Main Road has changed

The guideline value for Raja Garden Main Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value saw a substantial increase to Rs 3,000 per sq.ft in the 2023 revision, and currently stands at Rs 3,301 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 372%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is equal to the guideline value of Raja Garden Main Road.

• Raja Garden Road: Rs 3,301 per sq.ft (2024)
• Rajabhadar Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Raghavan Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Ragavendra Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Ragavan Street (Vetri Nagar Extension): Rs 3,301 per sq.ft (2024)
• Rajini Raja Koil Street (Jawahar Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Garden Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would be Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, making the total cost Rs 2,97,090. 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 Garden Main Road?

The Sub Registrar Office that covers Raja Garden Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Raja Garden Main Road?

The current guideline value of Raja Garden Main Road is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,301 per sq.ft in 2024, reflecting an overall increase of 372% over the years.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, which is the same as the guideline value for Raja Garden Main Road.

What are the stamp duty and registration fees for property in Raja Garden Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,01,000, with stamp duty at 7% amounting to Rs 2,31,070 and registration fee at 2% amounting to Rs 66,020, totaling Rs 2,97,090.

Which office handles the registration for Raja Garden Main Road?

The Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011, handles the registration for Raja Garden Main Road.