Guideline Value for Rajaji Street

Rajaji Street guideline value

The current guideline value of Rajaji Street in Nemili village is Rs 150 per sq.ft, effective from the 2024 revision. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Rajaji Street has changed

Over the years, the guideline value of Rajaji Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. However, from the 2017 revision, where the value was Rs 100 per sq.ft, there was a significant increase of 50% to Rs 150 per sq.ft in 2023. The 2024 revision maintains this figure with no change from the previous year.

It is important to note that the register has no figures for Rajaji Street in the years 2002, 2003, and 2007. The overall change from 2012 to 2024 shows no increase, as the value has remained at Rs 150 per sq.ft since the 2012 revision.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. Rajaji Street's 2024 figure is below this median.

• Rajan Nagar: Rs 300 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 210 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 210 per sq.ft (2024)
• Ramanan Nagar: Rs 210 per sq.ft (2024)
• Prime City: Rs 210 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 210 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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 information.

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

The guideline value is a crucial factor when registering property transactions in Nemili. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers should be aware that the guideline value may differ from the actual sale price, but the registration must adhere to the higher of the two values.

Frequently asked questions

What is the current guideline value of Rajaji Street?

The current guideline value of Rajaji Street is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since the 2012 revision, with a significant increase of 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

Are there any years without a guideline value for Rajaji Street?

Yes, the register has no figures for Rajaji Street in the years 2002, 2003, and 2007.

What is the median guideline value in Nemili?

The median guideline value in Nemili is Rs 250 per sq.ft, while Rajaji Street's value is below this median at Rs 150 per sq.ft.

Where is the Sub Registrar Office for Rajaji Street located?

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