Guideline Value for Rajakilpakkam 3rd Cross Street

Rajakilpakkam 3rd Cross Street guideline value

The current guideline value of Rajakilpakkam 3rd Cross Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Rajakilpakkam 3rd Cross Street has changed

Over the years, the guideline value of Rajakilpakkam 3rd Cross Street has seen several revisions. The most recent revision in 2024 set the value at Rs 850 per sq.ft, an increase from Rs 700 per sq.ft in 2023, marking a change of +21%. Prior to that, in 2017, the value was Rs 469 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 700 per sq.ft, indicating a decrease of -33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +21%.

The register has no figures for the years 2002, 2003, and 2007 for this street, meaning those revisions do not provide any data regarding the guideline value.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Rajakilpakkam 3rd Cross Street is below this median.

• Rajakilpakkam 2nd Cross Street: Rs 850 per sq.ft (2024)
• Rajakilpakkam Main Road: Rs 850 per sq.ft (2024)
• Rajakilpakkam 1st Cross Street: Rs 850 per sq.ft (2024)
• Rajakipakam & Seliyur Ganesh Nagar Main Road: Rs 1,900 per sq.ft (2024)
• Rajaji Nagar (Velu Street): Rs 1,600 per sq.ft (2024)
• Rajaji Nagar Main Road: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajakilpakkam 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, making a total of Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajakilpakkam 3rd Cross Street?

The Sub Registrar Office that covers Rajakilpakkam 3rd Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when registering a property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value helps in assessing the transaction value for tax purposes. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajakilpakkam 3rd Cross Street?

The current guideline value of Rajakilpakkam 3rd Cross Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2023 to Rs 850 per sq.ft in 2024, marking a +21% increase. From 2017 to 2023, it increased by +49%, and from 2012 to 2017, it decreased by -33%.

What is the land classification of Rajakilpakkam 3rd Cross Street?

Rajakilpakkam 3rd Cross Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Rajakilpakkam?

For a property valued at Rs 8,50,000, the stamp duty is Rs 59,500 and the registration fee is Rs 17,000, totaling Rs 76,500. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Rajakilpakkam 3rd Cross Street?

The Selaiyur Sub Registrar Office handles the registration for Rajakilpakkam 3rd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.