Guideline Value for Rajakilpakkam Main Road

Rajakilpakkam Main Road guideline value

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

How the guideline value of Rajakilpakkam Main Road has changed

Over the years, the guideline value of Rajakilpakkam Main Road has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which was then decreased to Rs 469 per sq.ft in the 2017 revision. However, the 2023 revision increased the value to Rs 700 per sq.ft, followed by a significant rise to Rs 850 per sq.ft in the 2024 revision, marking a 21% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 21% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with 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. Rajakilpakkam Main Road's guideline value is below this median.

• Rajakilpakkam 3rd Cross Street: Rs 850 per sq.ft (2024)
• Rajakipakam & Seliyur Ganesh Nagar Main Road: Rs 1,900 per sq.ft (2024)
• Rajakilpakkam 2nd Cross Street: Rs 850 per sq.ft (2024)
• Rajakilpakkam 1st Cross Street: Rs 850 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 Main Road

For a 1,000 sq.ft plot at the current rate of Rs 850 per sq.ft, the guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, and the registration fee at 2% would be Rs 17,000, totaling Rs 76,500. 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 Main Road?

The Sub Registrar Office that covers Rajakilpakkam Main Road 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 important factor when registering property transactions in Rajakilpakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair price for the transaction, as the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Rajakilpakkam Main Road?

The current guideline value of Rajakilpakkam Main Road 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 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for Rajakilpakkam Main Road?

Rajakilpakkam Main Road is classified as Residential Class IV Type - I.

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

For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500, and the registration fee would be Rs 17,000, totaling Rs 76,500.

Which office handles property registrations for Rajakilpakkam Main Road?

The Selaiyur Sub Registrar Office handles property registrations for Rajakilpakkam Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.