Guideline Value for Rajaji Road

Rajaji Road guideline value

The current guideline value of Rajaji Road in Thalakanancherry village is Rs 2,800 per sq.ft, effective from the 2024 revision. This street falls under the Alandur SRO and is classified as Residential Class II Type - II.

How the guideline value of Rajaji Road has changed

The guideline value for Rajaji Road has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which was a significant increase of 49% from the previous value of Rs 2,500 per sq.ft in 2023. The 2024 revision has further raised the guideline value to Rs 2,800 per sq.ft, marking a 12% increase from the 2023 figure.

Looking at earlier revisions, the 2012 revision also had a value of Rs 2,500 per sq.ft, which was a decrease of 33% from Rs 1,700 per sq.ft in 2007. Overall, from 2007 to 2024, the guideline value has increased by 65%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Rajaji Road is below this median.

• Raghupathi Nagar 9th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Please note that 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 Rajaji Road?

The Sub Registrar Office that covers Rajaji Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that all transactions are recorded accurately. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rajaji Road?

The current guideline value of Rajaji Road is Rs 2,800 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, reflecting a significant increase over the years.

What is the median guideline value in Thalakanancherry?

The median guideline value in Thalakanancherry is Rs 3,900 per sq.ft, with Rajaji Road's value being below this median.

What are the stamp duty and registration fees for Rajaji Road?

For a 1,000 sq.ft property on Rajaji Road, the stamp duty is Rs 1,96,000 and the registration fee is Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Rajaji Road?

The Alandur Sub Registrar Office handles registrations for Rajaji Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.