Guideline Value for Rajendra Nagar

Rajendra Nagar guideline value

The current guideline value of Rajendra Nagar, located in Chettipunniyam village under the Chengleput Joint II SRO, is Rs 900 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Rajendra Nagar has changed

Over the years, the guideline value of Rajendra Nagar has experienced several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft. The guideline value remained at Rs 900 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision shows a substantial increase of 350%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median value is Rs 900 per sq.ft, which is equal to the guideline value of Rajendra Nagar.

• Rehapoth Nagar: Rs 900 per sq.ft (2024)
• Royal Enclave: Rs 700 per sq.ft (2024)
• Royal Town: Rs 1,800 per sq.ft (2024)
• Sehaj Nagar: Rs 700 per sq.ft (2024)
• Selvaganapthi Nagar: Rs 700 per sq.ft (2024)
• Senthi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajendra Nagar?

The Sub Registrar Office that covers Rajendra Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipunniyam. It serves as a benchmark for assessing 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 collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Rajendra Nagar?

The current guideline value of Rajendra Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, decreased to Rs 603 per sq.ft in 2017, and has remained at Rs 900 per sq.ft in both 2023 and 2024.

What is the land classification of Rajendra Nagar?

Rajendra Nagar falls under the Residential Class I Type - I land classification.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value or sale price.

Where is the Sub Registrar Office for Rajendra Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.