Guideline Value for Rajarathinam 4th Street

Rajarathinam 4th Street guideline value

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

How the guideline value of Rajarathinam 4th Street has changed

The guideline value for Rajarathinam 4th Street has undergone several revisions over the years. In 2002, the value was Rs 338 per sq.ft, which increased to Rs 379 per sq.ft in 2003. Following this, the value saw significant increases, reaching Rs 1,200 per sq.ft in 2007, and then Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017 before rising again to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 3,900 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is 1,054%. The value rose by 217% from 2003 to 2007, followed by a 192% increase from 2007 to 2012. The value decreased by 33% from 2012 to 2017, then increased by 49% from 2017 to 2023, and finally saw an 11% rise from 2023 to 2024.

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. Rajarathinam 4th Street's 2024 guideline value of Rs 3,900 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajarathinam 4th Street?

The Sub Registrar Office that covers Rajarathinam 4th 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 a critical factor during the registration of 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 government records.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Rajarathinam 4th 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, with increases 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 for Rajarathinam 4th Street?

The land classification for Rajarathinam 4th Street is Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties 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 registrations for Rajarathinam 4th Street?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, handles registrations for Rajarathinam 4th Street.