Guideline Value for Raja Maharaja Nagar

Raja Maharaja Nagar guideline value

The current guideline value of Raja Maharaja Nagar, located in Thirumanikuppam village under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Raja Maharaja Nagar has changed

The guideline value for Raja Maharaja Nagar has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, by 2023, the guideline value returned to Rs 200 per sq.ft, reflecting a significant increase of 49% from the 2017 revision. The current 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained unchanged at Rs 200 per sq.ft.

Guideline values in Thirumanikuppam

In Thirumanikuppam, there are 15 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 130 to Rs 200 per sq.ft, with a median value of Rs 181 per sq.ft. The guideline value for Raja Maharaja Nagar is above this median.

• Ponniamman Kovil Street: Rs 155 per sq.ft (2024)
• Perumal Kovil Street: Rs 181 per sq.ft (2024)
• Sri Annai Parasakthi Avenue: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Jayalakshmi nagar: Rs 200 per sq.ft (2024)
• SriLakshmi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Maharaja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Maharaja Nagar?

The Sub Registrar Office that covers Raja Maharaja Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumanikuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the correct fees are calculated based on the property's value. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Raja Maharaja Nagar?

The current guideline value of Raja Maharaja Nagar is Rs 200 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 remains at Rs 200 per sq.ft in 2024.

What are the guideline values for other streets in Thirumanikuppam?

Other streets in Thirumanikuppam have guideline values ranging from Rs 155 to Rs 200 per sq.ft, with the median being Rs 181 per sq.ft.

What fees are involved when registering property in Raja Maharaja Nagar?

The fees involve a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Raja Maharaja Nagar?

The Sub Registrar Office for Raja Maharaja Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.