Guideline Value for Rajesh Nagar

Rajesh Nagar guideline value

The current guideline value of Rajesh Nagar, located in Valarpuram village, is Rs 300 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class II Type - I land classification. The area is registered with the Sriperumpudur SRO.

How the guideline value of Rajesh Nagar has changed

The guideline value for Rajesh Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 70 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, there was a decrease to Rs 201 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 300 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 329%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

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 for these streets is Rs 300 per sq.ft, making Rajesh Nagar's 2024 figure equal to this median.

• Rajendran 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 Rajesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total 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 fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajesh Nagar?

The Sub Registrar Office that covers Rajesh Nagar is 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 is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate fees for property transactions, contributing to local infrastructure and services.

Frequently asked questions

What is the current guideline value of Rajesh Nagar?

The current guideline value of Rajesh Nagar is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions maintaining the value at Rs 300 per sq.ft since 2023. The value has increased from Rs 70 per sq.ft in 2007 to Rs 300 per sq.ft in the 2012 revision, then decreased to Rs 201 per sq.ft in 2017.

What is the registration office for Rajesh Nagar?

The registration office covering Rajesh Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Rajesh Nagar?

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

What other streets have the same guideline value in Valarpuram?

Other streets in Valarpuram that share the same guideline value of Rs 300 per sq.ft include Rajendran Nagar, Rajeswari Nagar, Rajalakshmi Nagar Part - II, and Rajalakshmi Nagar.