Guideline Value for RajaRajeswari St

RajaRajeswari St guideline value

The current guideline value of RajaRajeswari St in Chitlapakkam village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of RajaRajeswari St has changed

The guideline value for RajaRajeswari St has undergone several revisions over the years. The earliest available revision is from 2012, where the value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, the value rose significantly to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

There are no figures recorded for RajaRajeswari St in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, which matches the current guideline value for RajaRajeswari St.

• Rajarajeswari Nagar: Rs 1,650 per sq.ft (2024)
• Rajarajan St: Rs 1,100 per sq.ft (2024)
• Raja Street: Rs 1,100 per sq.ft (2024)
• Rajendra Cholan Street: Rs 2,750 per sq.ft (2024)
• Rajendran Avenue: Rs 2,750 per sq.ft (2024)
• Rajendran Avenue Ext-1: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in RajaRajeswari St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers RajaRajeswari St?

The RajaRajeswari St falls under the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Chitlapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions. It is essential for both parties to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of RajaRajeswari St?

The current guideline value of RajaRajeswari St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the classification of RajaRajeswari St?

RajaRajeswari St is classified as Residential Class I Type - III.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 SRO is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties on RajaRajeswari St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 16,50,000, leading to a stamp duty of Rs 1,15,500.