Guideline Value for Rajaji Cross Street

Rajaji Cross Street guideline value

The current guideline value of Rajaji Cross Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Rajaji Cross Street has changed

The guideline value for Rajaji Cross Street has seen several revisions over the years. In 2003, the value was Rs 554 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a significant change of +44%. The value remained unchanged at Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the value to Rs 3,300 per sq.ft, reflecting a +10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +496%. It is important to note that the register does not have figures for the years 2002 and 2017 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Rajaji Cross Street.

• Rajaji Street: Rs 3,300 per sq.ft (2024)
• Railway Colony: Rs 3,520 per sq.ft (2024)
• Raja Joseph Colony: Rs 3,300 per sq.ft (2024)
• Rajapazham Colony Street: Rs 3,300 per sq.ft (2024)
• Rajarajan Street: Rs 3,300 per sq.ft (2024)
• Rajaram Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Cross Street?

The Sub Registrar Office covering Rajaji Cross Street is 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 Zaminpallavaram

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that both buyers and sellers are aware of the official valuation.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This means that both parties must consider this value to ensure compliance with local regulations and to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Rajaji Cross Street?

The current guideline value of Rajaji Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2024, 2023, 2012, 2007, and 2003. There are no figures available for the years 2002 and 2017 for this street.

What is the land classification of Rajaji Cross Street?

Rajaji Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Rajaji Cross Street?

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

How is the stamp duty calculated for properties in Rajaji Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000.