Guideline Value for Rajeshwari Nagar 3rd Cross Street

Rajeshwari Nagar 3rd Cross Street guideline value

The current guideline value of Rajeshwari Nagar 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Rajeshwari Nagar 3rd Cross Street has changed

The guideline value for Rajeshwari Nagar 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 178 per sq.ft, which increased to Rs 200 per sq.ft in 2003. The value then rose significantly to Rs 1,200 per sq.ft in 2007, followed by a decrease to Rs 2,500 per sq.ft in 2012. In 2017, the value was adjusted to Rs 1,675 per sq.ft, and it further increased to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was +12%. The value surged by +500% from 2003 to 2007. However, it decreased by -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023 and by +12% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1473%.

Guideline values in Ullagaram

Ullagaram has 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 among these streets is Rs 2,800 per sq.ft, which is equal to the guideline value of Rajeshwari Nagar 3rd Cross Street.

• Rajeshwari Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 2nd Main Road: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 4th Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 5th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeshwari Nagar 3rd Cross Street

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, the total cost for these fees would be 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 use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Rajeshwari Nagar 3rd Cross Street?

The Sub Registrar Office covering Rajeshwari Nagar 3rd Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rajeshwari Nagar 3rd Cross Street?

The current guideline value of Rajeshwari Nagar 3rd Cross Street 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 from Rs 178 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of +1473% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations in Rajeshwari Nagar 3rd Cross Street?

The Alandur Sub Registrar Office handles property registrations for Rajeshwari Nagar 3rd Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Rajeshwari Nagar 3rd Cross Street?

Rajeshwari Nagar 3rd Cross Street is classified as Residential Class II Type - I.