Guideline Value for Rajeshwari Nagar 3rd Street

Rajeshwari Nagar 3rd Street guideline value

The current guideline value of Rajeshwari Nagar 3rd Street 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 3rd Street has changed

The guideline value for Rajeshwari Nagar 3rd Street has undergone 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. A significant rise occurred between 2003 and 2007, where the value jumped to Rs 1,200 per sq.ft, marking a 500% increase. The value then saw another rise to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The guideline value was Rs 2,500 per sq.ft in 2023 before reaching the current figure of Rs 2,800 per sq.ft in 2024, reflecting a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,473%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is equal to the current value for Rajeshwari Nagar 3rd Street.

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

Stamp duty and registration fee for property in Rajeshwari Nagar 3rd 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, and the registration fee at 2% would be Rs 56,000, making the total fees together Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajeshwari Nagar 3rd Street?

The Sub Registrar Office that covers Rajeshwari Nagar 3rd Street 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is assessed to ensure that the correct fees are applied based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Rajeshwari Nagar 3rd 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 1,473% over the years.

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

The land classification for Rajeshwari Nagar 3rd Street is Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Rajeshwari Nagar 3rd Street?

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 registrations for Rajeshwari Nagar 3rd Street?

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