Guideline Value for Rajarathinam Road

Rajarathinam Road guideline value

The current guideline value of Rajarathinam Road is Rs 2,000 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Rajarathinam Road has changed

The guideline value of Rajarathinam Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a growth of 264%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The latest revision in 2023 saw the guideline value rise to Rs 2,000 per sq.ft again, reflecting an increase of 49% from the previous figure.

Overall, from the 2007 revision to the current 2023 revision, the guideline value has increased by 264%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Rajarathinam Road is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur provided in the current data.

Stamp duty and registration fee for property in Rajarathinam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000. Together, the total cost for these fees would be Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam Road?

The Sub Registrar Office that covers Rajarathinam Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the market conditions and property valuations.

Frequently asked questions

What is the current guideline value of Rajarathinam Road?

The current guideline value of Rajarathinam Road is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and has returned to Rs 2,000 per sq.ft in 2023.

What is the stamp duty rate for properties in Rajarathinam Road?

The stamp duty rate for properties in Rajarathinam Road is 7%, which is calculated on the higher of the guideline value or the sale price.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur provided in the available data under the Gooduvancheri SRO.