Guideline Value for Rajaji Street, Chennai 82

Rajaji Street, Chennai 82 guideline value

The current guideline value of Rajaji Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajaji Street, Chennai 82 has changed

Over the years, the guideline value of Rajaji Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, marking a decrease of 33%. Following that, the value surged to Rs 4,000 per sq.ft in 2023, and then further increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Rajaji Street's 2024 figure below that median.

• Raja BoothStreet, Chennai 82: Rs 4,400 per sq.ft (2024)
• Railway Colony: Rs 4,400 per sq.ft (2024)
• Puthu Nagar (New nagar)Ist Street: Rs 4,900 per sq.ft (2024)
• Puthu Nagar (New nagar)2nd Street & 3 Street: Rs 4,900 per sq.ft (2024)
• Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony: Rs 4,400 per sq.ft (2024)
• Punitha Antoniyar Street, Chennai 82: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street, Chennai 82

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, bringing the total to 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, Chennai 82?

The Sub Registrar Office that covers Rajaji Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees that buyers must pay when completing a property transaction.

When buying or selling property, the guideline value ensures that the transaction is transparent and fair, preventing undervaluation of properties. It is advisable for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Rajaji Street, Chennai 82?

The current guideline value of Rajaji Street, Chennai 82 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 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340% over the years.

What is the land classification for Rajaji Street?

Rajaji Street is classified as Residential Class II Type - I, which indicates its designation for residential use.

What are the stamp duty and registration fees for properties here?

For a property valued at the current guideline value of 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.

Which office handles registrations for Rajaji Street?

The AnnaNagar Sub Registrar Office handles registrations for Rajaji Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.