Guideline Value for Rajaveethi

Rajaveethi guideline value

The current guideline value of Rajaveethi is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajaveethi has changed

Over the years, the guideline value of Rajaveethi has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a significant increase to Rs 167 per sq.ft, reflecting a 50% increase from the previous period. However, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2012 to 2024, the overall change is 0%. The latest revision in 2024 maintains the guideline value at Rs 250 per sq.ft, showing no change from the previous year.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft, with a median value of Rs 500 per sq.ft. Rajaveethi's 2024 figure is below this median.

• Ramakka Chathiram: Rs 305 per sq.ft (2024)
• Radha Garden: Rs 2,400 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Prime City: Rs 670 per sq.ft (2024)
• Saar Grand Magnum City: Rs 2,005 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaveethi

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. Note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaveethi?

The Sub Registrar Office covering Rajaveethi is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value. This means that both buyers and sellers need to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Rajaveethi?

The current guideline value of Rajaveethi is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification of Rajaveethi?

Rajaveethi is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Rajaveethi?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, with stamp duty at Rs 17,500 and registration fees at Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office handles registrations for Rajaveethi?

The Sunguvarchattram Sub Registrar Office handles registrations for Rajaveethi, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.