Guideline Value for Raja Rajeshwari Nagar

Raja Rajeshwari Nagar guideline value

The current guideline value for Raja Rajeshwari Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Raja Rajeshwari Nagar has changed

The guideline value for Raja Rajeshwari Nagar has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the value to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Notably, there were no figures recorded for this street in the revisions of 2017, 2003, and 2002. The overall increase from the 2007 revision to the 2024 revision is 267%, reflecting substantial growth in the guideline value over the years.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which is equal to the guideline value of Raja Rajeshwari Nagar.

• Raja Nagar 1 To 4 Streets: Rs 3,300 per sq.ft (2024)
• RAJA Nagar: Rs 3,300 per sq.ft (2024)
• Rajam Nagar 1 To 5 Streets: Rs 2,750 per sq.ft (2024)
• Rajam Nagar: Rs 2,750 per sq.ft (2024)
• Rajeev Nagar: Rs 3,300 per sq.ft (2024)
• Rajeswari Nagar 1 To 5 Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Rajeshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Rajeshwari Nagar?

The Raja Rajeshwari Nagar area is covered by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role in the registration process when buying or selling property in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess either the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees. This ensures that the registration reflects the appropriate value of the property being transacted.

Frequently asked questions

What is the current guideline value of Raja Rajeshwari Nagar?

The current guideline value of Raja Rajeshwari Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 750 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 267% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the guideline value of Rs 2,750 per sq.ft, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office should I visit for transactions in Raja Rajeshwari Nagar?

The Pallavaram Sub Registrar Office covers Raja Rajeshwari Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the land classification for Raja Rajeshwari Nagar?

The land classification for Raja Rajeshwari Nagar is Residential Class I Type - I.