Guideline Value for Rajaji Street

Rajaji Street guideline value

The current guideline value of Rajaji Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Rajaji Street has changed

The guideline value for Rajaji Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 750 per sq.ft. In 2017, it decreased to Rs 502 per sq.ft, which was a decline of 33%. The value then increased to Rs 750 per sq.ft in 2023, followed by a rise to Rs 830 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 11%. It is important to note that the guideline value register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value is Rs 830 per sq.ft, which is equal to the current guideline value of Rajaji Street.

• Rajaram Street: Rs 830 per sq.ft (2024)
• Ragulan Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Cross Street: Rs 830 per sq.ft (2024)
• Rajeswari Street: Rs 830 per sq.ft (2024)
• Ramadoss Nagar: Rs 550 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 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, resulting in a total of Rs 74,700. 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?

The Sub Registrar Office that covers Rajaji Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference point for property transactions in Agaramthen. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. The guideline value ensures that property transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Rajaji Street?

The current guideline value of Rajaji Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the median guideline value for streets in Agaramthen?

The median guideline value for streets in Agaramthen is Rs 830 per sq.ft, which is the same as the current value for Rajaji Street.

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

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which office handles property registrations for Rajaji Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Rajaji Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.