Guideline Value for Rajeswari Nagar Varalakshmi Street

Rajeswari Nagar Varalakshmi Street guideline value

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

How the guideline value of Rajeswari Nagar Varalakshmi Street has changed

Over the years, the guideline value of Rajeswari Nagar Varalakshmi Street has seen several revisions. The 2012 revision set the value at Rs 3,300 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,211 per sq.ft. The value remained at Rs 3,300 per sq.ft until the 2023 revision, which increased it to Rs 3,300 per sq.ft. The most recent 2024 revision has raised the guideline value to Rs 3,500 per sq.ft, reflecting a 6% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 6%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Selaiyur

In Selaiyur village, 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, with a median value of Rs 2,200 per sq.ft. The guideline value for Rajeswari Nagar Varalakshmi Street is above this median.

• Rajeswari Nagar Thairialakshmi Street: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Vidhyalakshmi Street: Rs 3,500 per sq.ft (2024)
• Rajeswari Nagar Santhanalakshmi 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 Varalakshmi 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, while 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeswari Nagar Varalakshmi Street?

The Sub Registrar Office that covers Rajeswari Nagar Varalakshmi Street 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 when registering property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during a property transaction.

When buying or selling property, the guideline value is used to calculate the fees, ensuring that the transaction is recorded accurately in accordance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Rajeswari Nagar Varalakshmi 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, marking a 6% increase. From 2012 to 2024, the overall change is an increase of 6% as well.

What is the land classification for Rajeswari Nagar Varalakshmi Street?

Rajeswari Nagar Varalakshmi Street is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

What are the other streets with the same guideline value in Selaiyur?

Other streets in Selaiyur with the same guideline value of Rs 3,500 per sq.ft include Rajeswari Nagar Thairialakshmi Street, Rajeswari Nagar Vidhyalakshmi Street, Rajeswari Nagar Santhanalakshmi Street, Rajeswari Nagar Vijayalakshmi Street, Rajeswari Nagar Main Road, and Rajeswari Nagar Extention.

Where can I find the Sub Registrar Office for Rajeswari Nagar Varalakshmi Street?

The Sub Registrar Office for Rajeswari Nagar Varalakshmi Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.