Guideline Value for Rajeshwari Nagar Main

Rajeshwari Nagar Main guideline value

The current guideline value of Rajeshwari Nagar Main is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Ullagaram village and falls under the Alandur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Rajeshwari Nagar Main has changed

The guideline value for Rajeshwari Nagar Main has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 200 per sq.ft. This increased to Rs 1,200 per sq.ft in 2007, marking a substantial rise of 500%. The 2012 revision saw the value at Rs 3,500 per sq.ft, which was a 192% increase from the previous revision. However, by 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a drop of 33%.

In the subsequent revisions, the value rose again, reaching Rs 3,500 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase of 11% from the previous year. It is important to note that the register has no figure for this street in 2002.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with 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, positioning Rajeshwari Nagar Main above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeshwari Nagar Main?

The Sub Registrar Office that covers Rajeshwari Nagar Main 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 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 applicable to the transaction. Buyers and sellers must ensure that the property is registered at or above the current guideline value to comply with local regulations.

When a property is sold, the guideline value helps in assessing the fair value of the property for taxation purposes. This ensures that the government receives appropriate revenue from property transactions in the area, maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Rajeshwari Nagar Main?

The current guideline value of Rajeshwari Nagar Main is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 200 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1850% over the years.

What is the land classification for Rajeshwari Nagar Main?

Rajeshwari Nagar Main is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Rajeshwari Nagar Main?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000.