Guideline Value for Rajaji Street(6)

Rajaji Street(6) guideline value

The current guideline value of Rajaji Street(6) in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Rajaji Street(6) has changed

The guideline value for Rajaji Street(6) has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 670 per sq.ft. This figure saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a further increase of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are a total of 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this village is Rs 1,320 per sq.ft, indicating that Rajaji Street(6)'s current value is below the median.

• Rajaji Street(15): Rs 1,100 per sq.ft (2024)
• Rajaji Street: Rs 1,100 per sq.ft (2024)
• Rajarajeswari Nagar: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 3rd Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street(6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajaji Street(6)?

The Sub Registrar Office that covers Rajaji Street(6) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Pozhichalur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these fees are based on the property's value as recognized by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of the transaction. Understanding the guideline value helps in making informed decisions during property registration processes.

Frequently asked questions

What is the current guideline value of Rajaji Street(6)?

The current guideline value of Rajaji Street(6) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over the seven years.

What are the stamp duty and registration fees for properties in Rajaji Street(6)?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Rajaji Street(6)?

The Pammal Sub Registrar Office handles property registrations for Rajaji Street(6), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees. It ensures that property transactions are conducted fairly and transparently.