Guideline Value for Rajeswari Nagar Extention

Rajeswari Nagar Extention guideline value

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

How the guideline value of Rajeswari Nagar Extention has changed

The guideline value for Rajeswari Nagar Extention has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012. However, it then decreased to Rs 2,211 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 3,300 per sq.ft, and the most recent 2024 revision has established the current guideline value at Rs 3,500 per sq.ft.

In terms of percentage changes, the guideline value increased by 450% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 reflects a 6% increase. Overall, from 2007 to 2024, the guideline value has risen by 483%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making Rajeswari Nagar Extention's 2024 figure of Rs 3,500 per sq.ft notably above the median.

• Rajeswari Nagar Dhanyalakshmi Street: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Dhanalakshmi Street: 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 Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, while the registration fee at 2% would be Rs 70,000, bringing the total fees together to Rs 3,15,000. It is important to note that 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 Extention?

The Sub Registrar Office that covers Rajeswari Nagar Extention is 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is used to calculate the official costs associated with property transactions.

When a property is registered, the guideline value ensures that the transaction is recorded at a recognized value, which helps maintain transparency in the real estate market. It is essential for both parties to understand how the guideline value impacts their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar Extention?

The current guideline value of Rajeswari Nagar Extention 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 significantly over the years, from Rs 600 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, reflecting an overall increase of 483% since 2007.

What are the stamp duty and registration fees for property in Rajeswari Nagar Extention?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, totaling Rs 3,15,000.

Which Sub Registrar Office covers Rajeswari Nagar Extention?

The Selaiyur Sub Registrar Office covers Rajeswari Nagar Extention, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees in property transactions. It ensures that the transaction is recorded at a recognized value, maintaining transparency in the real estate market.