Guideline Value for Rajan Nagar 2nd Street ( Ward No.29 )

Rajan Nagar 2nd Street ( Ward No.29 ) guideline value

The current guideline value of Rajan Nagar 2nd Street ( Ward No.29 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajan Nagar 2nd Street ( Ward No.29 ) has changed

The guideline value register for Rajan Nagar 2nd Street ( Ward No.29 ) shows that there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 1,600 per sq.ft.

As per the 2024 revision, the guideline value has been established at Rs 1,600 per sq.ft. There have been no changes between the revisions above, indicating stability in the guideline value for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which is equal to the current figure for Rajan Nagar 2nd Street ( Ward No.29 ).

• Rajan Nagar 1st Street ( Ward No.29 ): Rs 1,600 per sq.ft (2024)
• Raja Nagar (Ward-01): Rs 2,200 per sq.ft (2024)
• Raja Nagar Road ( Ward No.1 ): Rs 2,200 per sq.ft (2024)
• Raja Nagar Extension: Rs 2,200 per sq.ft (2024)
• Raja Nagar: Rs 1,600 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajan Nagar 2nd Street ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 Rajan Nagar 2nd Street ( Ward No.29 )?

The Sub Registrar Office that covers Rajan Nagar 2nd Street ( Ward No.29 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an important factor during property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties.

When buying or selling property, the guideline value helps in assessing the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajan Nagar 2nd Street ( Ward No.29 )?

The current guideline value of Rajan Nagar 2nd Street ( Ward No.29 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

What is the land classification for Rajan Nagar 2nd Street ( Ward No.29 )?

The land classification for Rajan Nagar 2nd Street ( Ward No.29 ) is Residential Class II Type - I.

How many streets are there in Madhavaram under the Madhavaram SRO?

There are 1,946 streets in Madhavaram under the Madhavaram SRO that carry a 2024 guideline value.

What are the stamp duty and registration fees for a property in Rajan Nagar 2nd Street ( Ward No.29 )?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

Where is the Sub Registrar Office for Rajan Nagar 2nd Street ( Ward No.29 ) located?

The Sub Registrar Office for Rajan Nagar 2nd Street ( Ward No.29 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.