Guideline Value for Rajamaniyam Street

Rajamaniyam Street guideline value

The current guideline value of Rajamaniyam Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rajamaniyam Street has changed

The guideline value for Rajamaniyam Street has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 737 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Rajamaniyam Street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, which means Rajamaniyam Street's 2024 figure is below that median.

• Rajagopalan Nagar: Rs 1,540 per sq.ft (2024)
• Rajeswari Avenue: Rs 1,210 per sq.ft (2024)
• Ramachandra Avenue: Rs 1,210 per sq.ft (2024)
• Ramachandran Nagar / Annexe: Rs 1,210 per sq.ft (2024)
• Ramalingam Nagar: Rs 1,430 per sq.ft (2024)
• Province: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajamaniyam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Rajamaniyam Street?

The Sub Registrar Office that covers Rajamaniyam Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering a property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Therefore, understanding the guideline value is essential for anyone looking to buy or sell property in this area.

Frequently asked questions

What is the current guideline value of Rajamaniyam Street?

The current guideline value of Rajamaniyam Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, which is an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties on Rajamaniyam Street?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles registrations for Rajamaniyam Street?

The Kunrathur Sub Registrar Office handles registrations for Rajamaniyam Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, indicating that Rajamaniyam Street's current value is below this median.