Guideline Value for Rajeswari Nagar Vidhyalakshmi Street

Rajeswari Nagar Vidhyalakshmi Street guideline value

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

How the guideline value of Rajeswari Nagar Vidhyalakshmi Street has changed

The guideline value for Rajeswari Nagar Vidhyalakshmi Street has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 600 per sq.ft. This value increased significantly to Rs 3,300 per sq.ft in 2012, marking a 450% rise. However, it decreased to Rs 2,211 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 3,300 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 3,500 per sq.ft, which is a 6% increase from the previous year.

It is important to note that the register has no figures for Rajeswari Nagar Vidhyalakshmi Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 483%.

Guideline values in Selaiyur

In Selaiyur, 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. The median value is Rs 2,200 per sq.ft, which means Rajeswari Nagar Vidhyalakshmi Street's 2024 value is above that median.

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

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, and the registration fee at 2% would be Rs 70,000, making the total cost for these fees 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 accurate calculations.

Which Sub Registrar Office covers Rajeswari Nagar Vidhyalakshmi Street?

The Sub Registrar Office that covers Rajeswari Nagar Vidhyalakshmi 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

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

The current guideline value of Rajeswari Nagar Vidhyalakshmi 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 600 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, reflecting an overall increase of 483% over this period.

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 Vidhyalakshmi Street, located at No.36, Bharathmatha Salai, Chennai - 600 073.

What other streets have the same guideline value in Selaiyur?

Other streets in Selaiyur, such as Rajeswari Nagar Varalakshmi Street, Vijayalakshmi Street, Thairialakshmi Street, Santhanalakshmi Street, Main Road, and Extention, also have a guideline value of Rs 3,500 per sq.ft in 2024.