Guideline Value for Rajaji street

Rajaji street guideline value

The current guideline value of Rajaji street in Koyakbedu village is Rs 12,600 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of Rajaji street has changed

The guideline value for Rajaji street has undergone several revisions over the years. The 2017 revision set the value at Rs 7,705 per sq.ft, which increased to Rs 11,500 per sq.ft in the 2023 revision. The most recent 2024 revision has raised this figure to Rs 12,600 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, the guideline value has risen by 64% from the 2017 revision to the current 2024 revision. It is important to note that there are no figures available for Rajaji street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as of the 2024 revision. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Rajaji street's value above this median.

• Purushothaman Garden: Rs 3,300 per sq.ft (2024)
• Postal Audit Colony Main Road: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony 2nd Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony 1st Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony: Rs 4,900 per sq.ft (2024)
• Poonamallee High Road to (Rohini Theatre to Arumbakkam Cemetry): Rs 16,500 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 12,600 per sq.ft, the total guideline value would be Rs 1,26,00,000. The stamp duty at 7% would amount to Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Rajaji street?

The Rajaji street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajaji street?

The current guideline value of Rajaji street is Rs 12,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 7,705 per sq.ft in 2017 to Rs 12,600 per sq.ft in 2024, representing an overall increase of 64%.

What is the land classification for Rajaji street?

Rajaji street is classified as Residential Special Type - I under the AnnaNagar SRO.

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

For a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 and the registration fee would be Rs 2,52,000, totaling Rs 11,34,000.

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

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).