Guideline Value for Rajaji Street

Rajaji Street guideline value

The current guideline value of Rajaji Street in Irunkattukottai village, under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Rajaji Street has changed

Looking at the revisions, the guideline value for Rajaji Street was Rs 400 per sq.ft in 2024 and also Rs 400 per sq.ft in 2023. This indicates no change between these two revisions. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, showing a significant increase of 49% to the 2023 figure. In 2012, the value was again Rs 400 per sq.ft, which reflects a decrease of 33% when compared to the 2017 figure.

Overall, from 2012 to 2024, the guideline value has remained at Rs 400 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Rajaji Street.

• Rajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)
• Prasanthi Nagar: Rs 800 per sq.ft (2024)
• Plot Street: Rs 400 per sq.ft (2024)
• Sabari Nagar: Rs 400 per sq.ft (2024)
• Periyar Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajaji Street?

The Sub Registrar Office that covers Rajaji Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Irunkattukottai. It determines the minimum value on which stamp duty and registration fees are calculated during the registration process. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to provide accurate information regarding the guideline value to ensure compliance with local regulations. This value serves as a benchmark for transactions and helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Rajaji Street?

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

How has the guideline value changed over the years?

The guideline value has seen changes, with Rs 400 per sq.ft in both 2024 and 2023, Rs 268 per sq.ft in 2017, and Rs 400 per sq.ft in 2012. There were no figures available for the years 2002, 2003, and 2007.

What is the classification of Rajaji Street?

Rajaji Street is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

What are the stamp duty rates for properties in Rajaji Street?

The stamp duty for properties in Rajaji Street is calculated at 7% of the guideline value, along with a registration fee of 2%. This is based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Rajaji Street located?

The Sriperumpudur Sub Registrar Office, which covers Rajaji Street, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.