Guideline Value for Rajabather Street

Rajabather Street guideline value

The current guideline value of Rajabather Street in Hastinapuram village, under the Pallavaram SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Rajabather Street has changed

The guideline value for Rajabather Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is an increase of 10% from Rs 1,500 per sq.ft in 2023. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, reflecting a significant increase of 49% over the six-year period. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

Looking further back, the value in 2007 was Rs 400 per sq.ft, marking an impressive increase of 275% by 2012. Overall, from 2007 to 2024, the guideline value has increased by 313%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, indicating that Rajabather Street's 2024 figure is below this median.

• Rajaji Cross Street: Rs 2,970 per sq.ft (2024)
• Rajaji Street: Rs 2,970 per sq.ft (2024)
• Raghava Nagar: Rs 2,970 per sq.ft (2024)
• Rajarajeswari Nagar: Rs 2,970 per sq.ft (2024)
• Ragavayar Street: Rs 2,970 per sq.ft (2024)
• Ragava Iyer 1 And 2nd Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Rajabather Street

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

Which Sub Registrar Office covers Rajabather Street?

Rajabather Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a specified percentage. This ensures that the fees are based on a standardized value, providing clarity and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Rajabather Street?

The current guideline value of Rajabather Street 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 increased from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 313% over this period.

What is the median guideline value in Hastinapuram?

The median guideline value in Hastinapuram for 2024 is Rs 2,970 per sq.ft, which is higher than the current value of Rajabather Street.

What are the stamp duty rates for properties in Rajabather Street?

The stamp duty for properties in Rajabather Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajabather Street?

The Sub Registrar Office covering Rajabather Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.