Guideline Value for Rajeshwari 4th Street

Rajeshwari 4th Street guideline value

The current guideline value of Rajeshwari 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Rajeshwari 4th Street has changed

In the 2017 revision, the guideline value for Rajeshwari 4th Street was Rs 1,340 per sq.ft. With the 2024 revision, this value increased to Rs 2,200 per sq.ft, marking a significant change of +64% over the seven-year period. The register has no figure for this street in the years 2023, 2012, 2007, 2003, and 2002.

The current guideline value reflects the latest update, which is part of a broader revision process. The increase from Rs 1,340 to Rs 2,200 per sq.ft indicates adjustments made to align with the evolving real estate landscape in the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Rajeshwari 4th Street's value below this median.

• Rajeshwari 3rd Street: Rs 2,200 per sq.ft (2024)
• Rajeshwari 5th Street: Rs 2,200 per sq.ft (2024)
• Rajeshwari 2nd Street: Rs 2,200 per sq.ft (2024)
• Rajeshwari Avenue: Rs 2,200 per sq.ft (2024)
• Rajeshwari Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Rajeshwari Nagar Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeshwari 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeshwari 4th Street?

The Sub Registrar Office that covers Rajeshwari 4th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor during the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established value for the area.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rajeshwari 4th Street?

The current guideline value of Rajeshwari 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Between the 2017 and 2024 revisions, the guideline value increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

What is the median guideline value in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is higher than the guideline value of Rajeshwari 4th Street.

What are the stamp duty and registration fees for a property in Rajeshwari 4th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located for Rajeshwari 4th Street?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, and it covers Rajeshwari 4th Street.