Guideline Value for Rajammal Nager

Rajammal Nager guideline value

The current guideline value of Rajammal Nager, located in Puthagaram village under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Rajammal Nager has changed

The guideline value for Rajammal Nager has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023 and further rose to Rs 1,900 per sq.ft in 2024.

Between the 2023 and 2024 revisions, there was an increase of 6%. From 2017 to 2023, the guideline value rose by 49%. The value from 2012 to 2017 decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO with a 2024 guideline value range from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value is Rs 1,900 per sq.ft, which matches the current value for Rajammal Nager.

• Ragavendra avenue: Rs 1,600 per sq.ft (2024)
• Ragavan Nagar: Rs 1,600 per sq.ft (2024)
• Raj Nagar: Rs 1,600 per sq.ft (2024)
• Purusothaman Nagar Extn: Rs 3,000 per sq.ft (2024)
• Purusothaman Nagar: Rs 3,000 per sq.ft (2024)
• Ramalinga Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajammal Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for detailed calculations.

Which Sub Registrar Office covers Rajammal Nager?

The Sub Registrar Office that covers Rajammal Nager is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Puthagaram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is transparent and follows the established guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of Rajammal Nager?

The current guideline value of Rajammal Nager is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty rates for properties in Rajammal Nager?

The stamp duty for properties in Rajammal Nager is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajammal Nager?

The Sub Registrar Office for Rajammal Nager is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Rajammal Nager?

Rajammal Nager is classified as Residential Class I Type - I, indicating its designation for residential use.