Guideline Value for Rajendran Nagar

Rajendran Nagar guideline value

The current guideline value of Rajendran Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Rajendran Nagar has changed

The guideline value of Rajendran Nagar has seen several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, this value dropped to Rs 201 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the value at Rs 300 per sq.ft, showing no change between these two years.

As we look at the changes from 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 200% from its original figure.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the 2024 figure for Rajendran Nagar. Below are some other streets in Valarpuram:

• Rajesh Nagar: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar Part - II: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 200 per sq.ft (2024)
• Saraswathi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rajendran Nagar?

Rajendran Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Valarpuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for legal documentation. It ensures that the transaction is recorded at a value recognized by the government.

During the registration process, the guideline value serves as a benchmark to assess the value of the property being transacted. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any legal issues during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Rajendran Nagar?

The current guideline value of Rajendran Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the land classification for Rajendran Nagar?

Rajendran Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Rajendran Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.