Guideline Value for Rajeswari Nagar Main Road

Rajeswari Nagar Main Road guideline value

The current guideline value for Rajeswari Nagar Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Rajeswari Nagar Main Road has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at 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 this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Pozhichalur

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

• Rajeswari Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 1st Street: 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 Main Road

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, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeswari Nagar Main Road?

The Sub Registrar Office that covers Rajeswari Nagar Main Road 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall transaction costs. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar Main Road?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for Rajeswari Nagar Main Road?

The Pammal Sub Registrar Office handles the registration for Rajeswari Nagar Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Rajeswari Nagar Main Road?

Rajeswari Nagar Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.