Guideline Value for Rajaji Street (Road) (Senthil Nagar)

Rajaji Street (Road) (Senthil Nagar) guideline value

The current guideline value of Rajaji Street (Road) (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Rajaji Street (Road) (Senthil Nagar) has changed

The guideline value for Rajaji Street (Road) (Senthil Nagar) has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 2,700 per sq.ft, marking a 61% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street. The changes between the revisions highlight the fluctuations in the guideline value, particularly the notable jump from 2017 to 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Rajaji Street (Road) (Senthil Nagar) above this median with its current value of Rs 2,700 per sq.ft.

• Rajamani Nagar: Rs 990 per sq.ft (2024)
• Rajamani Street: Rs 990 per sq.ft (2024)
• Rajaji Cross Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Rajarajan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Raghavendra Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Ragavendra St Srinagar Colony: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street (Road) (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Street (Road) (Senthil Nagar)?

The Sub Registrar Office that covers Rajaji Street (Road) (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Thirumullaivoyal, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Accurate knowledge of the guideline value can help in better planning for the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Rajaji Street (Road) (Senthil Nagar)?

The current guideline value of Rajaji Street (Road) (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. This reflects a 61% increase from 2017 to 2024.

What is the land classification for Rajaji Street (Road) (Senthil Nagar)?

Rajaji Street (Road) (Senthil Nagar) is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the other streets in Thirumullaivoyal with their guideline values?

Other streets in Thirumullaivoyal include Rajamani Nagar and Rajamani Street, both at Rs 990 per sq.ft, and several streets including Rajaji Cross Street (Road) (Senthil Nagar), Rajarajan Street (Senthil Nagar), Raghavendra Street (Senthil Nagar), and Ragavendra St Srinagar Colony, all at Rs 2,700 per sq.ft.

Where can I find the Sub Registrar Office for Rajaji Street (Road) (Senthil Nagar)?

The Sub Registrar Office for Rajaji Street (Road) (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.