Guideline Value for Rajalakshmi Nagar

Rajalakshmi Nagar guideline value

The current guideline value of Rajalakshmi Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Rajalakshmi Nagar has changed

Over the years, the guideline value of Rajalakshmi Nagar has seen several revisions. The earliest recorded value in 2007 was Rs 395 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 204%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 204%. It is important to note that there are no figures available for the 2024, 2003, and 2002 revisions for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Rajalakshmi Nagar's guideline value is Rs 1,200 per sq.ft. There are no other streets in Urapakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Rajalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost to Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajalakshmi Nagar?

The Rajalakshmi Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Urapakkam, as it is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, the buyer must ensure that the transaction is compliant with the current guideline value, as this will affect the overall cost of the property transaction. Adhering to these values is essential for a smooth registration process.

Frequently asked questions

What is the current guideline value of Rajalakshmi Nagar?

The current guideline value of Rajalakshmi Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 395 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the stamp duty rate in Rajalakshmi Nagar?

The stamp duty rate in Rajalakshmi Nagar is 7%, which is applicable on the higher of the guideline value or the sale price.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values?

Currently, there are no other streets in Urapakkam under the Gooduvancheri SRO listed with guideline values.