Guideline Value for Rajaji Salai(karikalan nagar)

Rajaji Salai(karikalan nagar) guideline value

The current guideline value of Rajaji Salai(karikalan nagar) is Rs 2,860 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Commercial Class I Type - I.

How the guideline value of Rajaji Salai(karikalan nagar) has changed

Over the years, the guideline value for Rajaji Salai(karikalan nagar) has seen significant changes. The 2017 revision listed the value at Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in the 2023 revision, marking a 49% rise. The current value of Rs 2,860 per sq.ft in the 2024 revision reflects a further increase of 10% from the previous year.

In total, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Rajaji Salai(karikalan nagar) is above this median.

• Rajamanikam Street (L.R.) (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Ragavendra Koil Street: Rs 1,980 per sq.ft (2024)
• RAGAVENDIRA SALAI 1st CROSS STREET: Rs 4,640 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 2,350 per sq.ft (2024)
• Rajiv Gandhi Sreet (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Quaidhai Millath Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Salai(karikalan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajaji Salai(karikalan nagar)?

The Sub Registrar Office that covers Rajaji Salai(karikalan nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and compliance with legal requirements during the property transfer process.

Frequently asked questions

What is the current guideline value of Rajaji Salai(karikalan nagar)?

The current guideline value of Rajaji Salai(karikalan nagar) is Rs 2,860 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% from Rs 1,742 per sq.ft to Rs 2,860 per sq.ft in 2024. The value rose from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024, marking a 10% increase.

What are the stamp duty and registration fees for property in Rajaji Salai(karikalan nagar)?

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Rajaji Salai(karikalan nagar)?

The Pammal Sub Registrar Office handles property registrations for Rajaji Salai(karikalan nagar). It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Rajaji Salai(karikalan nagar)?

Rajaji Salai(karikalan nagar) is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.