Guideline Value for Rajaji Nagar 4th Street

Rajaji Nagar 4th Street guideline value

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

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

The guideline value register for Rajaji Nagar 4th Street has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 2,200 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure is the only recorded value for this street in the guideline value register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, making the guideline value of Rajaji Nagar 4th Street below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Nagar 4th Street?

The Rajaji Nagar 4th Street falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, visit find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved. It is essential to refer to the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded value is Rs 2,200 per sq.ft for the 2024 revision.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have guideline values ranging from Rs 2,200 per sq.ft. For example, Rajaji Nagar 4th Cross Street, Rajaji Nagar 3rd Street, and others all share the same rate for 2024.

What fees are involved in property registration?

When registering property, buyers must pay stamp duty calculated at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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. This office handles registrations for properties in the area, including Rajaji Nagar 4th Street.