Guideline Value for Raja Sethupathypuram 1st Cross street

Raja Sethupathypuram 1st Cross street guideline value

The current guideline value of Raja Sethupathypuram 1st Cross street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Raja Sethupathypuram 1st Cross street has changed

The guideline value for Raja Sethupathypuram 1st Cross street has undergone several revisions over the years. The oldest recorded revision is from 2012, which set the value at Rs 3,500 per sq.ft. The most recent revision in 2024 increased this figure to Rs 3,850 per sq.ft, reflecting a change of +10% from the 2012 revision.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street in the register. Thus, the only revisions that provide a guideline value are from 2012 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Raja Sethupathypuram 1st Cross street's 2024 figure below that median.

• Raja Sethupathypuram 2nd Cross street: Rs 3,850 per sq.ft (2024)
• Raja Street: Rs 4,950 per sq.ft (2024)
• Raja Street in Seethapathy Nagar: Rs 4,950 per sq.ft (2024)
• Raj Bhavan Colony: Rs 13,200 per sq.ft (2024)
• Rajeshwari Nagar: Rs 3,850 per sq.ft (2024)
• Rajambal Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Sethupathypuram 1st Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Raja Sethupathypuram 1st Cross street?

The Raja Sethupathypuram 1st Cross street falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Raja Sethupathypuram 1st Cross street?

The current guideline value of Raja Sethupathypuram 1st Cross street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, marking a change of +10%. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Raja Sethupathypuram 1st Cross street?

The land classification for Raja Sethupathypuram 1st Cross street is Residential Class II Type - III.

How does the guideline value compare to other streets in Velachery?

The guideline value of Rs 3,850 per sq.ft for Raja Sethupathypuram 1st Cross street is below the median value of Rs 4,400 per sq.ft for other streets in Velachery. Other streets have varying rates, with some as high as Rs 13,200 per sq.ft.

What fees are associated with buying property in Raja Sethupathypuram 1st Cross street?

When buying property in Raja Sethupathypuram 1st Cross street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,46,500 based on the current guideline value.