Guideline Value for Rajasekaran Nagar Main Road

Rajasekaran Nagar Main Road guideline value

The current guideline value of Rajasekaran Nagar Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Rajasekaran Nagar Main Road has changed

The guideline value for Rajasekaran Nagar Main Road has seen 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 decreased to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 shows an increase of 117%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, making the current value of Rajasekaran Nagar Main Road below this median.

• Rajasekaran Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Rajasekaran Nagar 1st street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajasekaran Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajasekaran Nagar Main Road?

The Rajasekaran Nagar Main Road is covered by 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 is a critical factor in the registration process for property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Rajasekaran Nagar Main Road?

The current guideline value of Rajasekaran Nagar Main Road 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, showing an overall increase of 117% over the years.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, while Rajasekaran Nagar Main Road's value is below this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles property registrations for Rajasekaran Nagar Main Road?

The Royapuram Sub Registrar Office handles property registrations for Rajasekaran Nagar Main Road, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.