Guideline Value for Rajarathinam Road

Rajarathinam Road guideline value

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

How the guideline value of Rajarathinam Road has changed

The guideline value for Rajarathinam Road has seen 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. The following revision in 2007 saw a significant jump to Rs 1,200 per sq.ft, and by 2012, it was Rs 3,500 per sq.ft. However, in 2017, the value dropped to Rs 2,345 per sq.ft. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024.

Overall, the guideline value has increased by 1054% from 2002 to 2024. The changes between revisions include an increase of 11% from 2023 to 2024, a rise of 49% from 2017 to 2023, a decrease of 33% from 2012 to 2017, an increase of 192% from 2007 to 2012, and an increase of 217% from 2003 to 2007. The register has no figure for the years not listed.

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 of Rs 2,800 per sq.ft. Rajarathinam Road's 2024 figure is above this median.

• Rajarathinam Street Main: Rs 4,400 per sq.ft (2024)
• Rajarathinam 5th Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 4th Street: Rs 3,900 per sq.ft (2024)
• Rajarathinam 4th Cross 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)

Stamp duty and registration fee for property in Rajarathinam Road

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, resulting in a total of Rs 3,51,000. 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 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 crucial factor in the registration process when buying or selling property in Ullagaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajarathinam Road?

The current guideline value of Rajarathinam Road 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 from Rs 338 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1054% over this period.

What is the land classification for Rajarathinam Road?

Rajarathinam Road is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on Rajarathinam Road?

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.

Where can I find the Sub Registrar Office for Rajarathinam Road?

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