Guideline Value for Rajarajan Street(senthil nagar)

Rajarajan Street(senthil nagar) guideline value

The current guideline value of Rajarajan Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Rajarajan Street(senthil nagar) has changed

The guideline value for Rajarajan Street(senthil nagar) has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease in the value to Rs 1,675 per sq.ft in 2017. The current revision in 2024 shows a substantial increase to Rs 2,700 per sq.ft, marking a 61% rise from the 2017 figure. Notably, the overall change from 2007 to 2024 reflects a 350% increase.

The register does not have figures for the years 2023, 2003, and 2002 for this street. The 2012 revision to 2017 saw a decrease of 33%, while the period from 2007 to 2012 experienced a remarkable increase of 317% in the guideline value.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Rajarajan Street(senthil nagar) is positioned above this median with its current guideline value.

• Rajamani Street: Rs 990 per sq.ft (2024)
• Rajamani Nagar: Rs 990 per sq.ft (2024)
• Rajaji Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Rajeswari Street: Rs 2,700 per sq.ft (2024)
• Rajaji Cross Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Rajeswari Street(Devi Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarajan Street(senthil nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that 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 Rajarajan Street(senthil nagar)?

The Sub Registrar Office that covers Rajarajan Street(senthil nagar) 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 online.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is officially recorded and legally binding.

When a buyer or seller approaches the registration office, the guideline value will be used to determine the applicable fees, which are necessary for completing the transaction. This ensures transparency and uniformity in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rajarajan Street(senthil nagar)?

The current guideline value of Rajarajan Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 600 per sq.ft in 2007, increasing to Rs 2,500 per sq.ft in 2012, then decreasing to Rs 1,675 per sq.ft in 2017, and finally rising to Rs 2,700 per sq.ft in 2024.

What is the land classification of Rajarajan Street(senthil nagar)?

Rajarajan Street(senthil nagar) is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Rajarajan Street(senthil nagar)?

The Sub Registrar Office for Rajarajan Street(senthil nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically set at 7%, while the registration fee is 2% of the guideline value.