Guideline Value for Rajarathinam 3rd Street

Rajarathinam 3rd Street guideline value

The current guideline value of Rajarathinam 3rd 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 3rd Street has changed

In the guideline value register, the earliest figure for Rajarathinam 3rd Street dates back to 2002, with a value of Rs 338 per sq.ft. This increased to Rs 379 per sq.ft in 2003, marking a 12% rise. The value saw significant growth in the following years, reaching Rs 1,200 per sq.ft in 2007, which was a 217% increase from the previous revision. The guideline value then rose to Rs 3,500 per sq.ft in 2012, reflecting a 192% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33% from the 2012 figure.

From 2017 to 2023, the guideline value experienced a substantial increase of 49%, bringing it to Rs 3,500 per sq.ft. The most recent revision in 2024 shows a further increase to Rs 3,900 per sq.ft, which is an 11% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,054%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Rajarathinam 3rd Street's 2024 figure above this median.

• Rajarathinam 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 2nd Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 4th Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 5th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. 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 details.

Which Sub Registrar Office covers Rajarathinam 3rd Street?

The Sub Registrar Office that covers Rajarathinam 3rd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Rajarathinam 3rd Street?

The current guideline value of Rajarathinam 3rd 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, reflecting an overall increase of 1,054% over this period.

What is the land classification for Rajarathinam 3rd Street?

Rajarathinam 3rd Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Rajarathinam 3rd Street?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, handles the registration for Rajarathinam 3rd Street.