Guideline Value for Rajendra Prasath 3rd Cross Street

Rajendra Prasath 3rd Cross Street guideline value

The current guideline value of Rajendra Prasath 3rd Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Rajendra Prasath 3rd Cross Street has changed

The guideline value for Rajendra Prasath 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent 2024 revision has raised it further to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Rajendra Prasath 3rd Cross Street is above this median.

• Rajendra Prasath 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 5th Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 6th Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendra Prasath 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajendra Prasath 3rd Cross Street?

The Sub Registrar Office that covers Rajendra Prasath 3rd Cross Street is the Ambattur Sub Registrar Office. The address is 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 Oragadam

The guideline value is a crucial factor during property registration in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure accurate calculations of these costs.

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 process ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rajendra Prasath 3rd Cross Street?

The current guideline value for Rajendra Prasath 3rd Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Rajendra Prasath 3rd Cross Street?

The land classification for Rajendra Prasath 3rd Cross Street is Residential Special Type - I.

Which office handles registrations for this street?

The Ambattur Sub Registrar Office handles registrations for Rajendra Prasath 3rd Cross Street, 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 Oragadam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at a rate of 7%.