Guideline Value for Rajaram street

Rajaram street guideline value

The current guideline value of Rajaram street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rajaram street has changed

In the 2012 revision, the guideline value was Rs 3,300 per sq.ft. This figure remained the same until the 2017 revision, when it decreased to Rs 2,211 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 3,300 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,600 per sq.ft in the 2024 revision, representing a 9% rise.

From 2017 to 2023, the guideline value saw an increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which is equal to the 2024 figure for Rajaram street.

• Raja moorthy Street: Rs 4,000 per sq.ft (2024)
• Rajimudali Street: Rs 4,000 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 3,600 per sq.ft (2024)
• Rail Vihar Phase -II A: Rs 1,800 per sq.ft (2024)
• Ramachandren Street: Rs 4,600 per sq.ft (2024)
• Ramadoss Street: Rs 4,600 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 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. 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 information.

Which Sub Registrar Office covers Rajaram street?

The Sub Registrar Office that covers Rajaram street 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 for more details.

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

The guideline value is a crucial factor when registering property in Ambattur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is officially recognized by the authorities.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as the guideline value reflects the standard rates set by the government.

Frequently asked questions

What is the current guideline value of Rajaram street?

The current guideline value of Rajaram street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then back to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification of Rajaram street?

Rajaram street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Rajaram street?

The Sub Registrar Office for Rajaram street is 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 Rajaram street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 36,00,000, leading to a stamp duty of Rs 2,52,000.