Guideline Value for Rajasekaran Nagar 4th street

Rajasekaran Nagar 4th street guideline value

The current guideline value for Rajasekaran Nagar 4th street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajasekaran Nagar 4th street has changed

The guideline value for Rajasekaran Nagar 4th street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The value saw a significant increase to Rs 1,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,300 per sq.ft. The register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects an 8% increase. Overall, from 2007 to 2024, the guideline value has risen by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Rajasekaran Nagar 4th street's 2024 figure is below this median.

• Rajasekaran Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar 1st street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajasekaran Nagar 4th street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Rajasekaran Nagar 4th street?

The Sub Registrar Office that covers Rajasekaran Nagar 4th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajasekaran Nagar 4th street?

The current guideline value of Rajasekaran Nagar 4th street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What are the other streets in Tondaiarpet with the same guideline value?

Several other streets in Tondaiarpet also have a guideline value of Rs 1,300 per sq.ft in 2024, including Rajasekaran Nagar 1st street, 2nd street, 3rd street, 5th street, Main Road, and Rajasekaran Nagar street.

What is the registration fee for property in Rajasekaran Nagar 4th street?

The registration fee for property in Rajasekaran Nagar 4th street is calculated based on the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the registration fee would be Rs 26,000 at 2%.

Where can I find the Sub Registrar Office for Rajasekaran Nagar 4th street?

The Sub Registrar Office for Rajasekaran Nagar 4th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.