Guideline Value for Raja Rajan Nagar

Raja Rajan Nagar guideline value

The current guideline value of Raja Rajan Nagar is Rs 800 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Raja Rajan Nagar has changed

The guideline value for Raja Rajan Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 220% increase. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, a decrease of 33% from the previous revision.

The most recent revision in 2023 set the guideline value back to Rs 800 per sq.ft, representing a 49% increase from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 220%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Raja Rajan Nagar is one of the streets in this area, and there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Raja Rajan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Rajan Nagar?

The Sub Registrar Office that covers Raja Rajan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengadamangalam. 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 sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of their financial obligations. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Raja Rajan Nagar?

The current guideline value of Raja Rajan Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 250 per sq.ft to Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What is the stamp duty rate for property in Raja Rajan Nagar?

The stamp duty rate for property in Raja Rajan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there any guideline value figure for 2024?

No, the register has no figure for the year 2024 for Raja Rajan Nagar.