Guideline Value

Corporate

Guideline Value for Raja Street 5th Lane

₹3850/sq.ft.

The guideline value for Raja Street 5th 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 5th Lane

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Raja Street 5th Lane guideline value

The current guideline value of Raja Street 5th Lane is Rs 3,850 per sq.ft. This street is located in Parangimalai village under the Chennai South Joint II SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Raja Street 5th Lane has changed

The guideline value for Raja Street 5th Lane has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 300 per sq.ft. This increased to Rs 397 per sq.ft in 2003, marking a 32% rise. The value then saw a significant increase to Rs 800 per sq.ft in 2007, which was a 102% change. In 2012, the value was Rs 3,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision saw an increase to Rs 2,345 per sq.ft, which was a 49% rise. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 has established the current guideline value at Rs 3,850 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 1,183%.

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 median guideline value for these streets is Rs 3,850 per sq.ft, which is equal to the current guideline value of Raja Street 5th Lane.

Stamp duty and registration fee for property in Raja Street 5th Lane

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Street 5th Lane?

The Sub Registrar Office that covers Raja Street 5th 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 is a crucial factor in the registration process of property transactions in Parangimalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Raja Street 5th Lane?

The current guideline value of Raja Street 5th Lane is Rs 3,850 per sq.ft as per the 2024 revision.

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, marking an overall increase of 1,183% over this period.

What is the registration office for Raja Street 5th Lane?

The registration office for Raja Street 5th 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.

What are the stamp duty and registration fees for properties in Raja Street 5th Lane?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Are there other streets in Parangimalai with the same guideline value?

Yes, there are several other streets in Parangimalai with the same guideline value of Rs 3,850 per sq.ft, including Raja Street 2nd Lane, Raja Street 3rd Lane, Raja Street 4th Lane, Raja Street 6th Lane, Raja Street 7th Lane, and Raja Street 8th Lane.