Guideline Value for Rajaji Street 1st Lane

Rajaji Street 1st Lane guideline value

The current guideline value of Rajaji Street 1st Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Rajaji Street 1st Lane has changed

Over the years, the guideline value of Rajaji Street 1st Lane has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. In 2023, the value increased to Rs 4,000 per sq.ft, and as of the 2024 revision, it stands at Rs 4,400 per sq.ft. The changes between these revisions include a 10% increase from 2023 to 2024 and a significant 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Rajaji Street 1st Lane.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value across these streets is Rs 3,300 per sq.ft, placing Rajaji Street 1st Lane above this median with its 2024 figure of Rs 4,400 per sq.ft.

• Rajaji Street 2nd Lane: Rs 4,400 per sq.ft (2024)
• Rajaji Street 3rd Land: Rs 4,400 per sq.ft (2024)
• Rajaji Road/Street: Rs 6,600 per sq.ft (2024)
• Rajagopal Street: Rs 4,400 per sq.ft (2024)
• Rajammal Avenue: Rs 2,200 per sq.ft (2024)
• Raja Nagar Lay out: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajaji Street 1st Lane?

The Sub Registrar Office that covers Rajaji Street 1st Lane is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial reference point during the registration of property transactions in Tambaram. It serves as the basis for calculating the stamp duty and registration fees that are payable at the time of property registration.

Frequently asked questions

What is the current guideline value of Rajaji Street 1st Lane?

The current guideline value of Rajaji Street 1st Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Rajaji Street 1st Lane?

The Sub Registrar Office for Rajaji Street 1st Lane is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.

What is the land classification of Rajaji Street 1st Lane?

Rajaji Street 1st Lane is classified as Residential Special Type - II, indicating its designated use for residential purposes.