Guideline Value for Rajeswari Nagar Santhanalakshmi Street

Rajeswari Nagar Santhanalakshmi Street guideline value

The current guideline value of Rajeswari Nagar Santhanalakshmi Street is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Rajeswari Nagar Santhanalakshmi Street has changed

The guideline value for Rajeswari Nagar Santhanalakshmi Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012. However, this value decreased to Rs 2,211 per sq.ft in 2017. Following this, the value rose to Rs 3,300 per sq.ft in 2023, and most recently, it has been revised to Rs 3,500 per sq.ft in 2024, marking a 6% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 483%. Notably, there are no figures available for the revisions in 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 for these streets is Rs 2,200 per sq.ft, placing Rajeswari Nagar Santhanalakshmi Street's 2024 guideline value above this median.

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

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

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, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajeswari Nagar Santhanalakshmi Street?

The Rajeswari Nagar Santhanalakshmi Street is covered by 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 plays a crucial role during property transactions in Selaiyur. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to consider the guideline value as it ensures compliance with local regulations. This value is regularly updated to reflect changes in the market and land classification, making it an important factor in real estate transactions.

Frequently asked questions

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

The current guideline value of Rajeswari Nagar Santhanalakshmi 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 seen several revisions, increasing from Rs 600 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, which is an overall increase of 483% since 2007.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,00,000, the stamp duty would be Rs 2,45,000 and the registration fee would be Rs 70,000, totaling Rs 3,15,000.

Which Sub Registrar Office handles registrations for this street?

The Selaiyur Sub Registrar Office handles registrations for Rajeswari Nagar Santhanalakshmi Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Rajeswari Nagar Santhanalakshmi Street?

The land classification for Rajeswari Nagar Santhanalakshmi Street is Residential Special Type - IV, which is important for understanding its use and potential regulations.