Guideline Value for Rajesh Nager

Rajesh Nager guideline value

The current guideline value of Rajesh Nager is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Rajesh Nager has changed

The guideline value for Rajesh Nager has undergone several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, in 2017, the value decreased to Rs 670 per sq.ft, before rising again to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 saw a further increase to Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between revisions, the changes were as follows: from 2007 to 2012, there was a 100% increase; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. Overall, the guideline value has increased by 120% from 2007 to 2024.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, positioning Rajesh Nager's 2024 figure below that median.

• Ramani Nagar: Rs 3,300 per sq.ft (2024)
• Ramani Nagar Extn: Rs 2,530 per sq.ft (2024)
• Ramani Nagar Extn PART-II: Rs 2,530 per sq.ft (2024)
• Ramanujam Street: Rs 880 per sq.ft (2024)
• Rathinakumar Avenue: Rs 1,320 per sq.ft (2024)
• Roja Thottam 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajesh Nager

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, calculated at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajesh Nager?

The Sub Registrar Office that covers Rajesh Nager 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 Irumpuliyur

The guideline value plays a crucial role during the registration of property transactions in Irumpuliyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the correct fees are collected. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Rajesh Nager?

The current guideline value of Rajesh Nager 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 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What are the stamp duty and registration fees for properties in Rajesh Nager?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office should I visit for Rajesh Nager?

The Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, covers Rajesh Nager.

What is the land classification for Rajesh Nager?

Rajesh Nager is classified as Residential Class I Type - III, which indicates its suitability for residential development.