Guideline Value for Rajaram Street

Rajaram Street guideline value

The current guideline value of Rajaram Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Rajaram Street has changed

The guideline value for Rajaram Street has undergone several revisions over the years. In 2003, the value was Rs 409 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 47%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it dropped to Rs 2,010 per sq.ft in 2017, which was a decrease of 33%. The next revision in 2023 brought the value back up to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, an increase of 10% from the previous year.

It is important to note that there is no figure for Rajaram Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 707%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Rajaram Street.

• Rajarajan Street: Rs 3,300 per sq.ft (2024)
• Rajapazham Colony Street: Rs 3,300 per sq.ft (2024)
• Raja Joseph Colony: Rs 3,300 per sq.ft (2024)
• Rajaji Street: Rs 3,300 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 2,160 per sq.ft (2024)
• Rajaji Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, would amount to Rs 2,31,000, and the registration fee, charged at 2%, would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaram Street?

The Sub Registrar Office that covers Rajaram 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 Zaminpallavaram

The guideline value is a crucial factor in the registration process for property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Rajaram Street?

The current guideline value of Rajaram Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 409 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 707% over this period.

What are the registration fees for properties on Rajaram Street?

The registration fees for properties on Rajaram Street include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rajaram Street located?

The Sub Registrar Office for Rajaram Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

What is the land classification of Rajaram Street?

Rajaram Street is classified as Residential Class I Type - II, which indicates its designation for residential use within the real estate framework.