Guideline Value for Rajaji Street

Rajaji Street guideline value

The current guideline value of Rajaji Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village, under the Adayar SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Rajaji Street has changed

The guideline value of Rajaji Street has seen significant changes over the years. In the 2002 revision, the value was Rs 159 per sq.ft. This increased to Rs 450 per sq.ft in 2003, marking a substantial rise of 183%. Following this, the value continued to rise, reaching Rs 1,000 per sq.ft in 2007, which was a 122% increase. The 2012 revision saw the value at Rs 2,500 per sq.ft, reflecting a 150% increase from the previous revision. However, in 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33% from 2012. The value then increased to Rs 2,500 per sq.ft in 2023, before rising to the current figure of Rs 2,800 per sq.ft in 2024, which is a 12% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1661%. The register has no figure for the years not mentioned in the provided data.

Guideline values in Tharamani

In Tharamani village, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value is Rs 2,800 per sq.ft, making Rajaji Street's 2024 figure equal to that median.

• Radhakrishnan Street: Rs 2,800 per sq.ft (2024)
• Ramar Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Ramar Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 2,800 per sq.ft (2024)
• Periyar Street: Rs 3,300 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 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Rajaji Street?

The Sub Registrar Office that covers Rajaji Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tharamani. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to be aware of this value, as it can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajaji Street?

The current guideline value of Rajaji Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 159 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1661% over the years.

What is the land classification of Rajaji Street?

Rajaji Street falls under the Residential Class II Type - I land classification.

What other streets have guideline values in Tharamani?

Other streets in Tharamani under the Adayar SRO include Radhakrishnan Street, Ramar Koil 1st Street, Ramar Koil 2nd Street, Pillaiyar Koil Street, Perumal Koil Street, and Periyar Street, each with their respective guideline values.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.