Guideline Value for Rajeswari Nagar Main Road

Rajeswari Nagar Main Road guideline value

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

How the guideline value of Rajeswari Nagar Main Road has changed

The guideline value for Rajeswari Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 600 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in 2012, followed by a decrease to Rs 2,211 per sq.ft in 2017. The 2023 revision saw an increase to Rs 3,300 per sq.ft, and the most recent revision in 2024 raised it to Rs 3,500 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 450%. Overall, from 2007 to 2024, the guideline value has increased by 483%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, making the current value of Rajeswari Nagar Main Road above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,500 per sq.ft, the 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, totaling Rs 3,15,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajeswari Nagar Main Road?

The Sub Registrar Office covering Rajeswari Nagar Main Road 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate dues based on the property's value.

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 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 600 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, showing an overall increase of 483% over the years.

What is the stamp duty for property in Rajeswari Nagar Main Road?

The stamp duty for property in Rajeswari Nagar Main Road is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I visit for transactions in Rajeswari Nagar Main Road?

The Sub Registrar Office for Rajeswari Nagar Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the guideline values for other streets in Selaiyur?

Other streets in Selaiyur have guideline values that range from Rs 850 to Rs 6,500 per sq.ft, with the median being Rs 2,200 per sq.ft. Rajeswari Nagar Main Road's value is above this median.