Guideline Value for Rajeswari Nagar

Rajeswari Nagar guideline value

The current guideline value for Rajeswari Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 803 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Rajeswari Nagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure increased to Rs 268 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 803 per sq.ft, reflecting a total increase of 200%. The 2023 revision maintained the same rate of Rs 803 per sq.ft, and this rate has been carried forward to the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for Rajeswari Nagar. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Rajeswari Nagar's 2024 figure below this median.

• Rajivgandhi Nagar: Rs 806 per sq.ft (2024)
• Rajivgandhi Nagar 1st Street: Rs 806 per sq.ft (2024)
• Rajivgandhi Nagar 2nd Street: Rs 806 per sq.ft (2024)
• Rajivgandhi Nagar 3rd Street: Rs 806 per sq.ft (2024)
• Rajenderan Street: Rs 880 per sq.ft (2024)
• Rajivgandhi Nagar 4th Street: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 803 per sq.ft, the total guideline value amounts to Rs 8,03,000. The stamp duty at 7% would be Rs 56,210, and the registration fee at 2% would be Rs 16,060, bringing the total fees to Rs 72,270. 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 Rajeswari Nagar?

The Sub Registrar Office that covers Rajeswari Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO here.

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

The guideline value is an essential factor in property transactions in Kovilpathagai. It serves as a reference for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers should be aware that the guideline value may influence the sale price, as it sets a benchmark for property valuation in the area.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar?

The current guideline value of Rajeswari Nagar is Rs 803 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 803 per sq.ft in 2024. Notably, it increased by 200% from 2017 to 2023.

What is the land classification of Rajeswari Nagar?

Rajeswari Nagar is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Rajeswari Nagar?

The Sub Registrar Office for Rajeswari Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property in Rajeswari Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,03,000 would incur a stamp duty of Rs 56,210 at 7%.