Guideline Value for Raja Street (M.C.)

Raja Street (M.C.) guideline value

The current guideline value of Raja Street (M.C.) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Raja Street (M.C.) has changed

The guideline value of Raja Street (M.C.) has undergone several revisions over the years. In 2002, the guideline value was Rs 184 per sq.ft. This figure increased to Rs 208 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose significantly to Rs 380 per sq.ft, representing an increase of +83%. The 2017 revision saw the value jump to Rs 1,206 per sq.ft, a substantial change of +217% from the previous revision. The 2023 revision set the value at Rs 1,800 per sq.ft, an increase of +49% from 2017.

The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, reflecting a change of +10% from the 2023 figure. Notably, there is no figure available in the register for the year 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Raja Street (M.C.) is below this median.

• Raja Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Rajarajan Street (Anna Nagar): Rs 2,750 per sq.ft (2024)
• Rajan Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Rajangam Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Rajangam Street / Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Rajamani Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Street (M.C.)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. It is important to note that the 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 Street (M.C.)?

The Sub Registrar Office that covers Raja Street (M.C.) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Pammal. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Raja Street (M.C.)?

The current guideline value of Raja Street (M.C.) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 184 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +976% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft for the year 2024, which is higher than the current value of Raja Street (M.C.).

What are the stamp duty rates for properties in Raja Street (M.C.)?

The stamp duty for properties in Raja Street (M.C.) is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.