Guideline Value for Rajarathinam 4th Cross Street

Rajarathinam 4th Cross Street guideline value

The current guideline value of Rajarathinam 4th Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Rajarathinam 4th Cross Street has changed

The guideline value for Rajarathinam 4th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 338 per sq.ft, which increased to Rs 379 per sq.ft in 2003. The value rose sharply to Rs 1,200 per sq.ft in 2007, and then it further increased to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,900 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was +12%. The jump from 2003 to 2007 was +217%. Following that, the value increased by +192% from 2007 to 2012. There was a decrease of -33% from 2012 to 2017. After that, the value increased by +49% from 2017 to 2023, and finally, there was an increase of +11% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1054%.

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. The median guideline value in this area is Rs 2,800 per sq.ft, making the 2024 figure for Rajarathinam 4th Cross Street above that median.

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

Stamp duty and registration fee for property in Rajarathinam 4th 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, and the registration fee at 2% would be Rs 78,000. Together, these fees would total Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam 4th Cross Street?

The Sub Registrar Office that covers Rajarathinam 4th Cross 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 details.

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

The guideline value plays a crucial role during property registration in Ullagaram. When a property is sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Additionally, the guideline value serves as a benchmark for property transactions in the area. Buyers and sellers refer to this value to understand the financial implications of their property dealings, ensuring that they are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Rajarathinam 4th Cross Street?

The current guideline value of Rajarathinam 4th 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, increasing from Rs 338 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, which is an overall increase of +1054%.

What is the land classification for Rajarathinam 4th Cross Street?

The land classification for Rajarathinam 4th Cross Street is Residential Class I Type - III.

Where can I find the Alandur Sub Registrar Office?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at 7%.