Guideline Value for Rajenderan Street

Rajenderan Street guideline value

The current guideline value of Rajenderan Street in Kovilpathagai village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class II Type - I.

How the guideline value of Rajenderan Street has changed

The guideline value for Rajenderan Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 800 per sq.ft. In 2017, this figure decreased to Rs 536 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 800 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Rajenderan Street in the revisions of 2002, 2003, and 2007. Overall, comparing the figures from 2012 to 2024, there has been a net increase of 10%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Rajenderan Street's 2024 value above this median.

• Rajeswari Nagar: Rs 803 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 806 per sq.ft (2024)
• Rajivgandhi Nagar 1st Street: Rs 806 per sq.ft (2024)
• Rajivgandhi Nagar 2nd Street: Rs 806 per sq.ft (2024)
• Rajivgandhi Nagar 3rd Street: Rs 806 per sq.ft (2024)
• Rajivgandhi Nagar 4th Street: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Rajenderan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, calculated at 7%, would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajenderan Street?

The Sub Registrar Office covering Rajenderan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two 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 Rajenderan Street?

The current guideline value of Rajenderan Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Rajenderan Street?

Rajenderan Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Rajenderan Street?

The Sub Registrar Office for Rajenderan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Rajenderan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.