Guideline Value for Raja St

Raja St guideline value

The current guideline value of Raja St in Ekkaduthangal village is Rs 3,080 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Raja St has changed

The guideline value for Raja St has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,876 per sq.ft. The 2023 revision saw an increase to Rs 2,800 per sq.ft, followed by a further increase of 10% in the 2024 revision, bringing the current value to Rs 3,080 per sq.ft.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value for Raja St is below this median.

• Rajarajan Street: Rs 5,500 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 4,620 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 4,620 per sq.ft (2024)
• Rajaji Street: Rs 4,620 per sq.ft (2024)
• Raghavan Thotam: Rs 3,520 per sq.ft (2024)
• Poonamallee Road(120 Feet Road West Side): Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Raja St

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, totaling Rs 2,77,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Raja St?

The Sub Registrar Office that covers Raja St is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ekkaduthangal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation set by the registration authorities.

Frequently asked questions

What is the current guideline value of Raja St?

The current guideline value of Raja St is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 3,080 per sq.ft in 2024, with various increases and a decrease noted in the intervening years.

What is the land classification of Raja St?

Raja St is classified as Residential Class IV Type - I, indicating its use for residential purposes.

What are the stamp duty rates for properties on Raja St?

The stamp duty for properties on Raja St is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Raja St?

The registration for Raja St is handled by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.