Guideline Value for Rajeswari Nagar Dhanyalakshmi Street

Rajeswari Nagar Dhanyalakshmi Street guideline value

The current guideline value of Rajeswari Nagar Dhanyalakshmi Street is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Rajeswari Nagar Dhanyalakshmi Street has changed

The guideline value for Rajeswari Nagar Dhanyalakshmi Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which was followed by a decrease to Rs 2,211 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 3,300 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,500 per sq.ft, marking a 6% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Rajeswari Nagar Dhanyalakshmi Street's 2024 guideline value above this median.

• Rajeswari Nagar Dhanalakshmi Street: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Extention: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Main Road: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Santhanalakshmi Street: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Thairialakshmi Street: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Varalakshmi Street: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Nagar Dhanyalakshmi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value would be Rs 35,00,000. The stamp duty at 7% would amount to Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeswari Nagar Dhanyalakshmi Street?

The Rajeswari Nagar Dhanyalakshmi Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Selaiyur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is officially recorded and that the relevant taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar Dhanyalakshmi Street?

The current guideline value of Rajeswari Nagar Dhanyalakshmi Street is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,500 per sq.ft in 2024, reflecting a 6% increase. From 2017 to 2023, it increased by 49%, but it decreased from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017.

What is the land classification for Rajeswari Nagar Dhanyalakshmi Street?

Rajeswari Nagar Dhanyalakshmi Street is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Selaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,00,000, the stamp duty would be Rs 2,45,000 at a rate of 7%.