Guideline Value for Rajeswari Nagar 2nd Street

Rajeswari Nagar 2nd Street guideline value

The current guideline value of Rajeswari Nagar 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Rajeswari Nagar 2nd Street has changed

The guideline value for Rajeswari Nagar 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase of 10% from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall increase from the 2017 revision to the current 2024 value is 64%.

It is important to note that there are no recorded guideline values for Rajeswari Nagar 2nd Street for the years 2002, 2003, 2007, and 2012. This gap in data means that the changes in value from those years are not available for comparison.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is the same as the current value for Rajeswari Nagar 2nd Street.

• Rajeswari Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar Main Road: Rs 1,320 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 1,100 per sq.ft (2024)
• Rajivgandhi Nagar Extn.,: Rs 1,100 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800 for both fees. It is important to note that 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 Rajeswari Nagar 2nd Street?

The Sub Registrar Office that covers Rajeswari Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which is essential for budgeting the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar 2nd Street?

The current guideline value of Rajeswari Nagar 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period. The value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024.

What are the guideline values of other streets in Pozhichalur?

The guideline values of other streets in Pozhichalur vary, with Rajeswari Nagar 3rd Street, Rajeswari Nagar 1st Street, and Rajeswari Nagar Main Road all having a value of Rs 1,320 per sq.ft in 2024. Other streets like Rajivgandhi Nagar and its extensions are valued at Rs 1,100 per sq.ft.

What fees are associated with buying property in Rajeswari Nagar 2nd Street?

When buying property in Rajeswari Nagar 2nd Street, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,18,800.

Where can I find the Sub Registrar Office for Rajeswari Nagar 2nd Street?

The Sub Registrar Office for Rajeswari Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.