Guideline Value for Rajarajeshwari Street

Rajarajeshwari Street guideline value

The current guideline value of Rajarajeshwari Street in Nemilicherry village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajarajeshwari Street has changed

The guideline value for Rajarajeshwari Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a 76% rise. However, it then decreased to Rs 1,474 per sq.ft in 2017, reflecting a drop of 33%. The value climbed again to Rs 2,200 per sq.ft in 2023, and most recently, it has risen to Rs 2,420 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Rajarajeshwari Street. Overall, from 2007 to 2024, the guideline value has increased by 94%.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,160 per sq.ft, placing Rajarajeshwari Street's 2024 figure above this median.

• Raghupathy Street: Rs 2,160 per sq.ft (2024)
• Ramamoorthi Street: Rs 2,200 per sq.ft (2024)
• Ramaswamy Street: Rs 2,420 per sq.ft (2024)
• Rabhin Nagar: Rs 2,160 per sq.ft (2024)
• Quarry Street: Rs 1,100 per sq.ft (2024)
• PURUSHOTHAMAN NAGAR 1sT STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarajeshwari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400. Together, these fees would total Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarajeshwari Street?

The Sub Registrar Office that covers Rajarajeshwari Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nemilicherry. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transaction process.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rajarajeshwari Street?

The current guideline value of Rajarajeshwari Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 1,250 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, which is an overall increase of 94% since 2007.

What are the stamp duty and registration fees for properties on Rajarajeshwari Street?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Rajarajeshwari Street?

The Pallavaram Sub Registrar Office covers Rajarajeshwari Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value in Nemilicherry?

The median guideline value in Nemilicherry for 2024 is Rs 2,160 per sq.ft, which is lower than the guideline value of Rajarajeshwari Street.