Guideline Value for Raja moorthy Street

Raja moorthy Street guideline value

The current guideline value of Raja moorthy Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Raja moorthy Street has changed

The guideline value of Raja moorthy Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was then reduced to Rs 2,479 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,700 per sq.ft. The current 2024 revision shows a further increase to Rs 4,000 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which means that Raja moorthy Street's 2024 figure is above this median.

• Rajaram street: Rs 3,600 per sq.ft (2024)
• Rail Vihar Phase -II A: Rs 1,800 per sq.ft (2024)
• Rajimudali Street: Rs 4,000 per sq.ft (2024)
• Ragavendra Street: Rs 4,000 per sq.ft (2024)
• Ragavendra samy Street: Rs 4,000 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Raja moorthy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total fees together to Rs 3,60,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raja moorthy Street?

The Raja moorthy Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Ambattur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction reflects a fair value in accordance with government regulations. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Raja moorthy Street?

The current guideline value of Raja moorthy Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification for Raja moorthy Street?

Raja moorthy Street is classified as Residential Special Type - II, according to the guidelines set by the Ambattur SRO.

Where can I find the Sub Registrar Office for Raja moorthy Street?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Raja moorthy Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can be calculated accordingly.