Guideline Value for Rajarathinam 1st Cross Street

Rajarathinam 1st Cross Street guideline value

The current guideline value of Rajarathinam 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Rajarathinam 1st Cross Street has changed

Since the 2002 revision, the guideline value for Rajarathinam 1st Cross Street has seen significant changes. In 2002, the guideline value was Rs 338 per sq.ft, which increased to Rs 379 per sq.ft in 2003, marking a 12% rise. The value then surged to Rs 1,200 per sq.ft in 2007, reflecting a 217% increase. Following this, the value rose to Rs 3,500 per sq.ft in 2012, showing a 192% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024, representing an 11% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,054%. The register has no figure for the years between 2012 and 2017, and no other revisions without figures exist 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 Rajarathinam 1st Cross Street is above this median.

• 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)
• Rajarathinam 4th Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam 1st Cross Street

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, while the registration fee at 2% would be Rs 78,000, leading to a total of Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajarathinam 1st Cross Street?

The Sub Registrar Office that covers Rajarathinam 1st Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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 during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives its due revenue from property transactions.

The guideline value is essential for both buyers and sellers, as it helps in understanding the official valuation of the property. This value is used to calculate the necessary fees, which are mandatory for the registration of property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajarathinam 1st Cross Street?

The current guideline value of Rajarathinam 1st Cross Street 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 significantly from Rs 338 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1,054% over this period.

What is the land classification of Rajarathinam 1st Cross Street?

Rajarathinam 1st Cross Street is classified as Residential Class I Type - III.

What is the stamp duty rate for property transactions in Rajarathinam 1st Cross Street?

The stamp duty rate for property transactions in Rajarathinam 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rajarathinam 1st Cross Street located?

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