Guideline Value for Rajendra Prasath 5th Cross Street

Rajendra Prasath 5th Cross Street guideline value

The current guideline value of Rajendra Prasath 5th Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it is classified as Residential Special Type - I.

How the guideline value of Rajendra Prasath 5th Cross Street has changed

Over the years, the guideline value of Rajendra Prasath 5th Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was later reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and finally, it reached Rs 2,400 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a growth of 9%. Overall, the guideline value has increased by 9% from the 2012 revision to the 2024 revision.

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 of Rajendra Prasath 5th Cross Street is above this median.

• Rajendra Prasath 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 6th Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Rajendra Prasath 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendra Prasath 5th 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, and the registration fee at 2% would be Rs 48,000, bringing the total 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 5th Cross Street?

The Sub Registrar Office that covers Rajendra Prasath 5th Cross Street is the Ambattur Sub Registrar Office. The office is 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 Oragadam

The guideline value plays a crucial role when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with government regulations.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajendra Prasath 5th Cross Street?

The current guideline value of Rajendra Prasath 5th 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 increased 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 of Rajendra Prasath 5th Cross Street?

Rajendra Prasath 5th Cross Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties in this area?

The Ambattur Sub Registrar Office handles registrations for properties in Rajendra Prasath 5th Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.