Guideline Value for Rajaji Street

Rajaji Street guideline value

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

How the guideline value of Rajaji Street has changed

The guideline value for Rajaji Street has seen several revisions over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 400 per sq.ft, marking a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Rajaji Street. The change from 2023 to 2024 shows no percentage increase, remaining at Rs 400 per sq.ft.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, which aligns with 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, making the total cost 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 detailed calculations.

Which Sub Registrar Office covers Rajaji Street?

Rajaji Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Irunkattukottai_B. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the guideline value as it influences the overall cost of the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

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 increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, marking a 49% increase. There was no change from 2023 to 2024.

What are the other streets with the same guideline value in Irunkattukottai_B?

Other streets in Irunkattukottai_B with the same guideline value of Rs 400 per sq.ft include Rajalaxmi Nagar, Rajiv Gandhi Street, Plot Street, and Sabari Nagar.

What is the stamp duty rate for properties in Rajaji Street?

The stamp duty rate for properties in Rajaji Street is 7% of the guideline value or sale price, whichever is higher.

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

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