Guideline Value for Rajarajan St

Rajarajan St guideline value

The current guideline value of Rajarajan St in Chitlapakkam village is Rs 1,100 per sq.ft, effective from the 2024 revision. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Rajarajan St has changed

The guideline value for Rajarajan St has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase to Rs 1,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, indicating that Rajarajan St's 2024 guideline value is below the median.

• Rajarajeswari Nagar: Rs 1,650 per sq.ft (2024)
• RajaRajeswari St: Rs 1,650 per sq.ft (2024)
• Raja Street: Rs 1,100 per sq.ft (2024)
• Rajendra Cholan Street: Rs 2,750 per sq.ft (2024)
• Rajamannar Street: Rs 1,650 per sq.ft (2024)
• Rajendran Avenue: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarajan St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Rajarajan St?

The Sub Registrar Office that covers Rajarajan St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees payable during the sale or purchase of a property.

When buyers or sellers engage in a transaction, the guideline value ensures that the property is valued appropriately for tax purposes, reflecting the official rates set by the government.

Frequently asked questions

What is the current guideline value of Rajarajan St?

The current guideline value of Rajarajan St is Rs 1,100 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Rajarajan St?

Rajarajan St is classified as Residential Class II Type - II, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Rajarajan St?

The Sub Registrar Office for Rajarajan St is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.