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_B village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajaveethi has changed

The guideline value for Rajaveethi has seen several revisions over the years. The earliest available figure is from 2017, which was set at Rs 167 per sq.ft. In 2023, the guideline value remained at Rs 250 per sq.ft, and this figure has been carried forward to the 2024 revision, also at Rs 250 per sq.ft. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 50%, bringing the value to Rs 250 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 50%, maintaining the same rate of Rs 250 per sq.ft for the last two revisions.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, which means that Rajaveethi's current guideline value is below the median.

• Ramakka Chathiram: Rs 300 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 850 per sq.ft (2024)
• Perumal Kovil Street: Rs 850 per sq.ft (2024)
• Samten: Rs 501 per sq.ft (2024)
• Pallikooda Street: Rs 300 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 amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000. Therefore, the total cost for stamp duty and registration fees together would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaveethi?

Rajaveethi falls under the jurisdiction of 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_B

The guideline value plays a crucial role in property transactions in Santhavellur_B. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for the registration of the property. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the sale price.

It is essential for both buyers and sellers to understand the guideline value as it directly impacts the costs associated with property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in the transaction process.

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 for Rajaveethi has remained at Rs 250 per sq.ft since 2023, with a previous figure of Rs 167 per sq.ft in 2017. The value has increased by 50% from 2017 to 2024.

What is the median guideline value in Santhavellur_B?

The median guideline value in Santhavellur_B is Rs 400 per sq.ft, while Rajaveethi's current value of Rs 250 per sq.ft is below this median.

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

For a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Rajaveethi?

The registration for Rajaveethi is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.