Guideline Value for Rajambal Colony 2nd Street

Rajambal Colony 2nd Street guideline value

The current guideline value of Rajambal Colony 2nd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Rajambal Colony 2nd Street has changed

The guideline value for Rajambal Colony 2nd Street has seen changes over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from Rs 2,200 per sq.ft in the 2012 revision, reflecting a change of +9%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only revisions with figures for Rajambal Colony 2nd Street are from 2012 and 2024. The 2024 figure aligns with the median guideline value for the village, which is also Rs 2,400 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Rajambal Colony 2nd Street's guideline value matches this median.

• Rajambal Colony 1st Street: Rs 2,400 per sq.ft (2024)
• Rajambal Colony 3rd Street: Rs 2,400 per sq.ft (2024)
• Rajambal Colony: Rs 2,400 per sq.ft (2024)
• Rajambal Colony 4th Street: Rs 2,400 per sq.ft (2024)
• Rajambal Nagar: Rs 2,400 per sq.ft (2024)
• Rajambal Nagar 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajambal Colony 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, together totaling Rs 2,16,000. 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 Rajambal Colony 2nd Street?

The Sub Registrar Office that covers Rajambal Colony 2nd 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 information.

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

The guideline value plays a crucial role during the registration process of property transactions in Madambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. This value helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rajambal Colony 2nd Street?

The current guideline value of Rajambal Colony 2nd Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajambal Colony 2nd Street was Rs 2,200 per sq.ft in 2012 and increased to Rs 2,400 per sq.ft in 2024, reflecting a change of +9%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Rajambal Colony 2nd Street?

The land classification for Rajambal Colony 2nd Street is Commercial Class I Type - II, indicating its suitability for commercial activities.

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

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Rajambal Colony 2nd Street?

The Selaiyur Sub Registrar Office handles the registration for Rajambal Colony 2nd Street. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.