Guideline Value for Raja veedhi

Raja veedhi guideline value

The current guideline value of Raja veedhi in Pillaippakkam-A is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Raja veedhi has changed

The guideline value for Raja veedhi has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 201 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 300 per sq.ft, marking a 49% increase from 2017. The latest revision in 2024 maintained the same value of Rs 300 per sq.ft, resulting in no change from 2023 to 2024.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Raja veedhi. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Pillaippakkam-A

Pillaippakkam-A has 49 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is the same as the current guideline value for Raja veedhi.

• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 300 per sq.ft (2024)
• R.R.Avenue: Rs 700 per sq.ft (2024)
• Peyaridappadatha Manaipirivu: Rs 344 per sq.ft (2024)
• Sampooranam Nagar: Rs 300 per sq.ft (2024)
• Samsu Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Raja veedhi

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Raja veedhi?

The Raja veedhi property is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value is a critical factor when registering property transactions in Pillaippakkam-A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buyers and sellers agree on a sale price, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Raja veedhi?

The current guideline value of Raja veedhi is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Raja veedhi has remained at Rs 300 per sq.ft since the 2023 revision. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Raja veedhi?

Raja veedhi is classified as Residential Class II Type - I under the Sriperumpudur SRO.

What are the stamp duty and registration fees for properties in Raja veedhi?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Raja veedhi?

The Sriperumpudur Sub Registrar Office handles property registration for Raja veedhi, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.