Guideline Value for Rajan Nagar

Rajan Nagar guideline value

The current guideline value of Rajan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Nemili village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajan Nagar has changed

The guideline value for Rajan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision marked a significant increase to Rs 201 per sq.ft, reflecting a 49% increase from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in guideline value is 0%, as it has remained at Rs 300 per sq.ft since 2012. The most recent revision in 2024 shows no change from the 2023 figure, indicating stability in the guideline value for Rajan Nagar.

Guideline values in Nemili

In Nemili village, there are 66 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Rajan Nagar's 2024 figure above this median.

• Rajaji Street: Rs 150 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 210 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 210 per sq.ft (2024)
• Ramanan Nagar: Rs 210 per sq.ft (2024)
• Prime City: Rs 210 per sq.ft (2024)
• Royal Homes: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajan Nagar?

The Sub Registrar Office that covers Rajan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical metric used during the registration of property transactions in Nemili. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It helps in establishing a fair price for the property and ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Rajan Nagar?

The current guideline value of Rajan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to 2023, but no change from 2023 to 2024.

What is the median guideline value in Nemili?

The median guideline value for the 66 streets in Nemili is Rs 250 per sq.ft, with Rajan Nagar's value being above this median.

What are the stamp duty and registration fees for Rajan Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total charges would be Rs 27,000.

Where is the Sub Registrar Office for Rajan Nagar located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.