Guideline Value for Rajaram Street

Rajaram Street guideline value

The current guideline value of Rajaram Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Rajaram Street has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This figure remained the same in the 2012 revision but decreased significantly to Rs 502 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a substantial increase of 49% to Rs 750 per sq.ft in the 2023 revision, followed by another increase of 11% to the current value of Rs 830 per sq.ft in the 2024 revision.

There are no figures available for Rajaram Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, which is equal to the current value of Rajaram Street.

• Rajeswari Street: Rs 830 per sq.ft (2024)
• Rajaji Street: Rs 830 per sq.ft (2024)
• Ramadoss Nagar: Rs 550 per sq.ft (2024)
• Ragulan Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Cross Street: Rs 830 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 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total to Rs 74,700. Please note that the 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 Rajaram Street?

The Sub Registrar Office that covers Rajaram Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Agaramthen. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Rajaram Street?

The current guideline value of Rajaram Street is Rs 830 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 750 per sq.ft in 2012, decreasing to Rs 502 per sq.ft in 2017, and then increasing to Rs 750 per sq.ft in 2023, before reaching Rs 830 per sq.ft in 2024.

What is the land classification of Rajaram Street?

Rajaram Street is classified as Residential Class I Type - II, which indicates its suitability for residential development.

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

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100, and the registration fee would be Rs 16,600, totaling Rs 74,700. These fees are based on the guideline value.

Which office handles registrations for Rajaram Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Rajaram Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.