Guideline Value for Rajeshwari Nagar 1st Main Road

Rajeshwari Nagar 1st Main Road guideline value

The current guideline value of Rajeshwari Nagar 1st Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajeshwari Nagar 1st Main Road has changed

The guideline value for Rajeshwari Nagar 1st Main Road has experienced several revisions over the years. Starting from the 2002 revision, the value was Rs 178 per sq.ft. This increased to Rs 200 per sq.ft in 2003, marking a 12% rise. Following this, the value saw a significant jump of 500%, reaching Rs 1,200 per sq.ft in 2007. The 2012 revision set the value at Rs 2,500 per sq.ft, an increase of 108% from the previous revision. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, which was a 49% increase. The current revision in 2024 has set the value at Rs 2,800 per sq.ft, representing a 12% increase from the previous year.

There are no figures available for the guideline value of Rajeshwari Nagar 1st Main Road for the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 1,473%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which matches the current guideline value for Rajeshwari Nagar 1st Main Road.

• Rajeshwari Nagar 1st Cross Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 2nd Main Road: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 3rd Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeshwari Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, these fees would amount to Rs 2,52,000. 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajeshwari Nagar 1st Main Road?

The Sub Registrar Office that covers Rajeshwari Nagar 1st Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ullagaram

The guideline value plays a crucial role in property transactions in Ullagaram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is considered as a basis for calculating the fees. It is essential to refer to the latest guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Rajeshwari Nagar 1st Main Road?

The current guideline value of Rajeshwari Nagar 1st Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 178 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1,473% over this period.

What are the stamp duty and registration fees for property in Rajeshwari Nagar 1st Main Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,52,000 based on the current guideline value.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Rajeshwari Nagar 1st Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Rajeshwari Nagar 1st Main Road?

The land classification for Rajeshwari Nagar 1st Main Road is Residential Class II Type - I.