Guideline Value for Raja Rao Sahagib Street

Raja Rao Sahagib Street guideline value

The current guideline value of Raja Rao Sahagib Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of Raja Rao Sahagib Street has changed

The guideline value for Raja Rao Sahagib Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value significantly increased to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% increase.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current value of Raja Rao Sahagib Street below the median.

• Raja Rao Street: Rs 1,600 per sq.ft (2024)
• Raja Shaib Rao Street: Rs 1,600 per sq.ft (2024)
• Rajendra Nagar: Rs 1,600 per sq.ft (2024)
• Rajammal Duraisamy Street: Rs 1,600 per sq.ft (2024)
• Rajeswari Nagar: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Dhanalakshmi Street: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Rao Sahagib Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Raja Rao Sahagib Street?

The Sub Registrar Office that covers Raja Rao Sahagib Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Selaiyur, the guideline value plays a crucial role in determining the stamp duty and registration fees. Buyers must ensure that the transaction is registered at the Sub Registrar Office, where the guideline value is used to calculate the applicable fees.

It is essential to be aware that the guideline value is updated periodically, and potential buyers should check the latest figures to understand the financial implications of their property transactions accurately.

Frequently asked questions

What is the current guideline value of Raja Rao Sahagib Street?

The current guideline value of Raja Rao Sahagib Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 7%.

What is the land classification of Raja Rao Sahagib Street?

Raja Rao Sahagib Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Raja Rao Sahagib Street located?

The Sub Registrar Office for Raja Rao Sahagib Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000. The duty is charged based on the higher of the guideline value or the sale price.