Guideline Value for Rajarajeshwari Nagar Main Road

Rajarajeshwari Nagar Main Road guideline value

The current guideline value of Rajarajeshwari Nagar Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Rajarajeshwari Nagar Main Road has changed

The guideline value for Rajarajeshwari Nagar Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 183 per sq.ft. This increased to Rs 205 per sq.ft in 2003, marking a 12% rise. The value then saw a significant jump to Rs 1,200 per sq.ft in 2007, which is an increase of 485%. In 2012, the value was Rs 3,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision set the value at Rs 2,345 per sq.ft, a drop of 33% from 2012. The guideline value then rose to Rs 3,500 per sq.ft in 2023, followed by the current value of Rs 3,900 per sq.ft in 2024, which is an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2031%. There are no figures available for any other revisions for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value of Rajarajeshwari Nagar Main Road is above this median.

• Rajarathinam 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 1st Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 2nd Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarajeshwari Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarajeshwari Nagar Main Road?

The Sub Registrar Office that covers Rajarajeshwari Nagar Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

When buying or selling property in Ullagaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is updated periodically, reflecting the value of properties in the area.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Rajarajeshwari Nagar Main Road?

The current guideline value of Rajarajeshwari Nagar Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 183 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 2031% over this period.

What are the stamp duty rates for property in this area?

The stamp duty rate for property transactions in this area is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Rajarajeshwari Nagar Main Road?

The land classification for Rajarajeshwari Nagar Main Road is Residential Class I Type - III.