Guideline Value for Rajaji Sali

Rajaji Sali guideline value

The current guideline value of Rajaji Sali is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, and is classified as Commercial Special Type - IV.

How the guideline value of Rajaji Sali has changed

The guideline value for Rajaji Sali has undergone several revisions since 2007. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this figure decreased to Rs 2,345 per sq.ft in 2017. The value saw a substantial rise to Rs 3,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 3,850 per sq.ft. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Notably, the increase from 2007 to 2024 amounts to 863%, with the most significant rise occurring between 2007 and 2012 at 775%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Rajaji Sali's 2024 figure is above this median.

• Railway Quarters: Rs 1,100 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 1,650 per sq.ft (2024)
• Pungathur Colony: Rs 1,100 per sq.ft (2024)
• Pungathur: Rs 1,650 per sq.ft (2024)
• Pumphouse Road: Rs 1,100 per sq.ft (2024)
• Pukalenthi Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Sali

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty, charged at 7%, would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, resulting in a combined total of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajaji Sali?

The Rajaji Sali area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value is essential for both buyers and sellers. It helps determine the official value of the property for tax purposes and ensures transparency in the registration process.

Frequently asked questions

What is the current guideline value of Rajaji Sali?

The current guideline value of Rajaji Sali is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 3,850 per sq.ft in 2024, marking an overall increase of 863%.

What is the classification of land in Rajaji Sali?

Rajaji Sali is classified as Commercial Special Type - IV, indicating its designated use and potential for commercial activities.

Where can I find the Sub Registrar Office for Rajaji Sali?

The Sub Registrar Office covering Rajaji Sali is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Rajaji Sali?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at a rate of 7%.