Guideline Value for Rajalingam Street, V.O.C Nagar

Rajalingam Street, V.O.C Nagar guideline value

The current guideline value of Rajalingam Street, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Rajalingam Street, V.O.C Nagar has changed

The guideline value for Rajalingam Street, V.O.C Nagar has undergone several revisions over the years. The earliest revision available is from 2017, which set the value at Rs 1,675 per sq.ft. The most recent revision in 2024 increased this figure significantly to Rs 2,750 per sq.ft, marking a change of +64% from the 2017 revision.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions that provide a guideline value are from 2017 and 2024.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Rajalingam Street's 2024 figure above this median.

• Rajalingam Street: Rs 2,750 per sq.ft (2024)
• Rajamanickam Street, Indira Nagar: Rs 1,980 per sq.ft (2024)
• Rajalakshmi Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Rajamanickam Street / Meenakshi Nagar: Rs 1,760 per sq.ft (2024)
• Rajamani Street: Rs 1,760 per sq.ft (2024)
• Rajaji Street / VOC Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajalingam Street, V.O.C Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajalingam Street, V.O.C Nagar?

The Sub Registrar Office that covers Rajalingam Street, V.O.C Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are levied. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajalingam Street, V.O.C Nagar?

The current guideline value of Rajalingam Street, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a change of +64%.

Are there any revisions without figures for Rajalingam Street?

Yes, the revisions for the years 2023, 2012, 2007, 2003, and 2002 do not have any figures available for Rajalingam Street.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.