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_C 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 undergone several revisions over the years. The oldest available revision is from 2017, which set the value at Rs 167 per sq.ft. This figure increased by 50% to Rs 250 per sq.ft in the 2023 revision, and remained unchanged in the 2024 revision, indicating a 0% change from the previous year.

In summary, from the 2017 revision to the 2024 revision, the overall change is +50%. Notably, there are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with a guideline value for 2024 ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, making Rajaveethi's current figure below that median.

• Ramakka Chathiram: Rs 300 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Samten: Rs 1,000 per sq.ft (2024)
• SelvaVinayagar Kovil 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 at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that 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 that covers Rajaveethi is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, 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_C

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration 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 changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, showing a 50% increase overall from 2017 to 2024.

What is the land classification of Rajaveethi?

Rajaveethi is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What is the median guideline value in Santhavellur_C?

The median guideline value in Santhavellur_C is Rs 350 per sq.ft, which is higher than the current value of Rajaveethi.

Where can I find the registration office for Rajaveethi?

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