Guideline Value for RajaRajan Nagar Extension

RajaRajan Nagar Extension guideline value

The current guideline value of RajaRajan Nagar Extension is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Moulivakkam village, under the jurisdiction of the Kunrathur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of RajaRajan Nagar Extension has changed

The guideline value for RajaRajan Nagar Extension has seen significant changes over the years. In 2003, the guideline value was Rs 101 per sq.ft, which increased to Rs 500 per sq.ft in 2007. This was followed by a substantial rise to Rs 2,200 per sq.ft in 2012, but it then dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision saw an increase to Rs 2,200 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,450 per sq.ft, marking an increase of 11% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2326%. The register does not contain figures for the year 2002 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft, with the median being Rs 2,450 per sq.ft. RajaRajan Nagar Extension's guideline value aligns with this median.

• RajaRajan Nagar: Rs 2,450 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• Rajagopal Avenue: Rs 2,450 per sq.ft (2024)
• Rajagopalapuram Avenue: Rs 2,650 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 2,450 per sq.ft (2024)
• Porur - Kundrathur Road: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in RajaRajan Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty, charged at 7%, would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total cost for these fees to Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers RajaRajan Nagar Extension?

The RajaRajan Nagar Extension falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Moulivakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Additionally, the guideline value serves as a reference point for both buyers and sellers, helping them understand the value of properties in the area. It is essential to be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value for RajaRajan Nagar Extension?

The current guideline value for RajaRajan Nagar Extension is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, increasing from Rs 101 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of 2326% during this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 24,50,000, the stamp duty would be Rs 1,71,500, and the registration fee would be Rs 49,000, totaling Rs 2,20,500.

Which office handles property registrations in RajaRajan Nagar Extension?

The Kunrathur Sub Registrar Office handles property registrations in RajaRajan Nagar Extension, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for RajaRajan Nagar Extension?

The land classification for RajaRajan Nagar Extension is Residential Special Type - I, indicating its suitability for residential developments.