Guideline Value for Rajaji Nagar 4th Cross Street

Rajaji Nagar 4th Cross Street guideline value

The current guideline value of Rajaji Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajaji Nagar 4th Cross Street has changed

The guideline value register for Rajaji Nagar 4th Cross Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

Since there have been no changes in the guideline values between the revisions listed, the current figure remains unchanged from the previous years where no data was available.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,750 per sq.ft, placing Rajaji Nagar 4th Cross Street's 2024 figure below this median.

• Rajaji Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Rajaji Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Rajaji Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Rajaji Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Rajaji Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Rajaji Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total amount Rs 1,98,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Nagar 4th Cross Street?

The Sub Registrar Office that covers Rajaji Nagar 4th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Madipakkam-1. It serves as a benchmark for the valuation of properties and is used by the registration authorities to assess the applicable charges.

When a property transaction occurs, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the correct amount of stamp duty and registration fees is calculated based on the higher value.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 4th Cross Street?

The current guideline value of Rajaji Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Rajaji Nagar 4th Cross Street?

The land classification for Rajaji Nagar 4th Cross Street is Residential Class II Type - I.

How many streets are there in Madipakkam-1 under the Velacheri SRO?

There are 1,823 streets in Madipakkam-1 under the Velacheri SRO that carry a 2024 guideline value.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is above the current guideline value of Rajaji Nagar 4th Cross Street.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.