Guideline Value for Rajeswari Nagar 3rd Street

Rajeswari Nagar 3rd Street guideline value

The current guideline value of Rajeswari Nagar 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of Rajeswari Nagar 3rd Street has changed

The guideline value for Rajeswari Nagar 3rd Street has undergone several revisions over the years. The oldest available revision is from 2017, where the guideline value was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 sees the guideline value further increase to Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 guideline value for Rajeswari Nagar 3rd Street.

• Rajeswari Nagar 2nd 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 3rd 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, making the total cost for these fees Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeswari Nagar 3rd Street?

The Rajeswari Nagar 3rd Street falls under the jurisdiction of 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 information.

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 property transactions are registered. Buyers and sellers must ensure that the sale price meets or exceeds the guideline value to comply with registration requirements.

When registering property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Rajeswari Nagar 3rd 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 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Rajeswari Nagar 3rd Street?

Rajeswari Nagar 3rd Street is classified as Residential Class I Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

What are the other streets in Pozhichalur with the same guideline value?

Other streets in Pozhichalur that share the same guideline value of Rs 1,320 per sq.ft include Rajeswari Nagar 2nd Street, Rajeswari Nagar 1st Street, and Rajeswari Nagar Main Road.

Where can I find the Sub Registrar Office for Rajeswari Nagar 3rd Street?

The Sub Registrar Office covering Rajeswari Nagar 3rd Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of property transactions in the area.