Guideline Value for Raja Rajeswari Nagar

Raja Rajeswari Nagar guideline value

The current guideline value of Raja Rajeswari Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Siru Mathoor village, under the Sriperumpudur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Raja Rajeswari Nagar has changed

The guideline value for Raja Rajeswari Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 30 per sq.ft, which saw a significant increase to Rs 300 per sq.ft in 2012. However, this was followed by a decrease to Rs 201 per sq.ft in 2017. The value remained at Rs 300 per sq.ft during the revisions in 2023 and again in 2024, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2007 to 2012 was a remarkable 900%. Overall, the guideline value has increased by 900% from 2007 to 2024.

Guideline values in Siru Mathoor

Siru Mathoor village has 24 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Raja Rajeswari Nagar is below this median.

• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Perumal Koil street: Rs 600 per sq.ft (2024)
• Santhi Nagar: Rs 400 per sq.ft (2024)
• Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Oviar Gramam: Rs 300 per sq.ft (2024)
• Osuramman Koil street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Rajeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Please 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 Rajeswari Nagar?

The Sub Registrar Office covering Raja Rajeswari Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Raja Rajeswari Nagar?

The current guideline value of Raja Rajeswari Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the median guideline value in Siru Mathoor?

The median guideline value in Siru Mathoor is Rs 600 per sq.ft, with Raja Rajeswari Nagar's guideline value being below this median.

What are the stamp duty rates for properties in Raja Rajeswari Nagar?

The stamp duty for properties in Raja Rajeswari Nagar is charged at 7% of the higher value between the guideline value and the sale price.

Where is the Sub Registrar Office for Raja Rajeswari Nagar located?

The Sub Registrar Office for Raja Rajeswari Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.