Guideline Value for Rajajipuram

Rajajipuram guideline value

The current guideline value of Rajajipuram, located in Perumattu Nellore village, is Rs 500 per sq.ft. This figure is effective from the 2024 revision and falls under the Residential Class I Type - I land classification within the Chengleput Joint II SRO.

How the guideline value of Rajajipuram has changed

Since the 2007 revision, the guideline value for Rajajipuram has seen a significant increase. The value was Rs 80 per sq.ft in 2007, which rose to Rs 500 per sq.ft in 2012, marking a substantial increase of 525%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a reduction of 33%. The value then increased again to Rs 500 per sq.ft in the 2023 revision, and it has remained the same for the 2024 revision, showing no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 525%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Rajajipuram's 2024 figure below that median.

• Rajaji Nagar: Rs 800 per sq.ft (2024)
• Rajaji Avenue: Rs 800 per sq.ft (2024)
• Radiant Avenue: Rs 2,500 per sq.ft (2024)
• Rathina Mangala Nagar: Rs 500 per sq.ft (2024)
• Pillayar Koil St: Rs 700 per sq.ft (2024)
• Sai Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajajipuram

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajajipuram?

The Sub Registrar Office that covers Rajajipuram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perumattu Nellore. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recognized by the government.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Rajajipuram?

The current guideline value of Rajajipuram is Rs 500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 80 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, with various fluctuations in between.

What is the registration office for Rajajipuram?

The registration office for Rajajipuram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Rajajipuram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

What are the other streets in Perumattu Nellore?

Other streets in Perumattu Nellore include Rajaji Nagar, Rajaji Avenue, Radiant Avenue, Rathina Mangala Nagar, Pillayar Koil St, and Sai Avenue, each with different guideline values for 2024.