Guideline Value for Rajeshwari Nagar 4th Street

Rajeshwari Nagar 4th Street guideline value

The current guideline value for Rajeshwari Nagar 4th 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 4th Street has changed

The guideline value for Rajeshwari Nagar 4th Street has undergone several revisions over the years. The earliest recorded revision is from 2002, with a guideline value of Rs 178 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2003, marking a 12% rise. The value continued to climb, reaching Rs 1,200 per sq.ft in 2007, which was a substantial increase of 500% from the previous figure. By 2012, the value was recorded at Rs 2,500 per sq.ft, reflecting a 108% increase from 2007. However, this value decreased by 33% to Rs 1,675 per sq.ft in 2017.

In the subsequent revisions, the value rose again to Rs 2,500 per sq.ft in 2023, and then to the current guideline value of Rs 2,800 per sq.ft in 2024, which is a 12% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,473% for Rajeshwari Nagar 4th Street.

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, with the median being Rs 2,800 per sq.ft. Rajeshwari Nagar 4th Street's 2024 guideline value aligns with this median.

• Rajeshwari Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Rajeshwari Nagar Main: Rs 3,900 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)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeshwari Nagar 4th Street?

The Sub Registrar Office that covers Rajeshwari Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rajeshwari Nagar 4th Street?

The current guideline value for Rajeshwari Nagar 4th 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 significantly from Rs 178 per sq.ft in 2002 to the current Rs 2,800 per sq.ft in 2024, which represents an overall increase of 1,473% over the years.

What is the land classification for Rajeshwari Nagar 4th Street?

The land classification for Rajeshwari Nagar 4th Street is Residential Class II Type - I.

Where can I find the registration office for Rajeshwari Nagar 4th Street?

The registration office for Rajeshwari Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Ullagaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.