Guideline Value

Corporate

Guideline Value for Raja Street 4th Lane

₹3850/sq.ft.

The guideline value for Raja Street 4th Lane in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹397 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹300 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Raja Street 4th Lane

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Raja Street 4th Lane guideline value

The current guideline value of Raja Street 4th Lane is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Raja Street 4th Lane has changed

Over the years, the guideline value of Raja Street 4th Lane has seen several revisions. In 2002, the value was Rs 300 per sq.ft, which increased to Rs 397 per sq.ft in 2003, marking a 32% rise. The value then rose significantly to Rs 800 per sq.ft in 2007, representing a 102% increase. Following this, the guideline value jumped to Rs 3,500 per sq.ft in 2012, a remarkable increase of 338%. However, it decreased to Rs 2,345 per sq.ft in 2017, reflecting a 33% drop. The value then rose to Rs 3,500 per sq.ft in 2023, a 49% increase, before reaching the current figure of Rs 3,850 per sq.ft in 2024, which is a 10% rise.

The overall change from 2002 to 2024 shows an increase of 1183%, highlighting the significant adjustments in the guideline value over the years.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 11,000 per sq.ft. The guideline value of Raja Street 4th Lane aligns with the median of Rs 3,850 per sq.ft for the area.

Stamp duty and registration fee for property in Raja Street 4th Lane

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, while the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Street 4th Lane?

The Sub Registrar Office that covers Raja Street 4th Lane is the Chennai South Joint II 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 details.

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

The guideline value plays a crucial role in the registration process for property transactions in Parangimalai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value must be considered as it reflects the legal valuation used by the registration authorities. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Raja Street 4th Lane?

The current guideline value of Raja Street 4th Lane is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 1183% over this period.

What is the land classification of Raja Street 4th Lane?

Raja Street 4th Lane is classified as Residential Class II Type - I, indicating its designation for residential use.

What fees are associated with buying property in Raja Street 4th Lane?

When buying property, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Raja Street 4th Lane?

The registration for Raja Street 4th Lane is handled by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.