Guideline Value for Rajeshwari 5th Street

Rajeshwari 5th Street guideline value

The current guideline value of Rajeshwari 5th 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, classified as Residential Class II Type - I.

How the guideline value of Rajeshwari 5th Street has changed

Over the years, the guideline value of Rajeshwari 5th Street has seen significant changes. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, up from Rs 1,340 per sq.ft in the 2017 revision, marking an increase of 64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

The 2017 revision was the first recorded value for Rajeshwari 5th Street, which was Rs 1,340 per sq.ft. Prior to that, there are no guideline values available in the register for the years mentioned.

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, with a median value of Rs 2,750 per sq.ft. Rajeshwari 5th Street's 2024 figure is below this median.

• Rajeshwari 4th Street: Rs 2,200 per sq.ft (2024)
• Rajeshwari Avenue: Rs 2,200 per sq.ft (2024)
• Rajeshwari 3rd Street: Rs 2,200 per sq.ft (2024)
• Rajeshwari 2nd Street: 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 5th 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, totaling Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeshwari 5th Street?

The Sub Registrar Office covering Rajeshwari 5th 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

When buying or selling property in Madipakkam-1, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is crucial as it ensures that the government receives the appropriate revenue from property transactions.

During the registration process, the guideline value acts as a benchmark for calculating taxes. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Rajeshwari 5th Street?

The current guideline value of Rajeshwari 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a rise of 64%.

Are there any revisions without figures for Rajeshwari 5th Street?

Yes, the register has no figures for Rajeshwari 5th Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, while Rajeshwari 5th Street's value is below this median.

Where can I find the registration office for Rajeshwari 5th Street?

The registration office for Rajeshwari 5th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.