Guideline Value for Rajaji Street

Rajaji Street guideline value

The current guideline value of Rajaji Street in Nemili_B village is Rs 150 per sq.ft, effective from 1 July 2024. 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

The guideline value for Rajaji Street has remained consistent at Rs 150 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to that, the 2017 revision set the value at Rs 100 per sq.ft, marking a 50% increase to the 2023 value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Rajaji Street's 2024 figure below that median.

• Rajan Nagar: Rs 300 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 200 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)
• Pump Room Street: Rs 150 per sq.ft (2024)
• Ramanan Nagar: Rs 200 per sq.ft (2024)
• Prince Paradise (Prince Residencia): Rs 1,000 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 amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 more details.

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_B

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It determines the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, with a 50% increase from Rs 100 per sq.ft in 2017 to 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Rajaji Street?

Rajaji Street is classified as Residential Class IV Type - I under the current guidelines.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Rajaji Street?

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