Guideline Value for Rajendran Road

Rajendran Road guideline value

The current guideline value of Rajendran Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Rajendran Road has changed

The guideline value for Rajendran Road has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Rajendran Road's 2024 figure below the median.

• Rajendran Avenue Ext-1: Rs 2,750 per sq.ft (2024)
• Rajendran Avenue: Rs 2,750 per sq.ft (2024)
• Rajendra Cholan Street: Rs 2,750 per sq.ft (2024)
• Rajeswari Nagar: Rs 1,650 per sq.ft (2024)
• Raja Street: Rs 1,100 per sq.ft (2024)
• RajaRajeswari St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendran Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajendran Road?

The Sub Registrar Office that covers Rajendran Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rajendran Road?

The current guideline value of Rajendran Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Rajendran Road?

Rajendran Road is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Rajendran Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, with stamp duty at Rs 77,000 and registration fees at Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Rajendran Road?

The Tambaram Joint 1 Sub Registrar Office covers Rajendran Road, located at No.26, mes Road, East Tambaram, Chennai-600059.