Guideline Value for Rajeswari Nagar

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar, located in Thalimangalam village under the Chengleput Joint II SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Rajeswari Nagar has changed

Over the years, the guideline value of Rajeswari Nagar has seen several revisions. The 2007 revision set the value at Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a 500% rise. However, this value dropped to Rs 201 per sq.ft in 2017, a decrease of 33%. The subsequent revisions in 2023 and 2024 maintained the guideline value at Rs 300 per sq.ft, reflecting no change between these two years. Notably, there are no figures available for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, the guideline value experienced a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 500%, indicating a significant change in property valuation over the years.

Guideline values in Thalimangalam

In Thalimangalam, there are nine streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with a median value of Rs 400 per sq.ft. Rajeswari Nagar's 2024 guideline value is below this median.

• Sabari Garden: Rs 400 per sq.ft (2024)
• Murugan Avenue: Rs 500 per sq.ft (2024)
• Sri Valli Nagar: Rs 500 per sq.ft (2024)
• Sundar Nagar: Rs 300 per sq.ft (2024)
• Swami Vivekanandar Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee, charged at 2%, would be Rs 6,000. Together, the total cost for stamp duty and registration fee would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rajeswari Nagar?

The Sub Registrar Office that covers Rajeswari Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Thalimangalam

The guideline value plays a crucial role in the registration of properties in Thalimangalam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on a standardized valuation of the property.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar?

The current guideline value of Rajeswari Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with a rise from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, a drop to Rs 201 per sq.ft in 2017, and remaining stable at Rs 300 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Rajeswari Nagar?

The Chengleput Joint II Sub Registrar Office covers Rajeswari Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Rajeswari Nagar?

Rajeswari Nagar falls under the Residential Class I Type - II land classification, which is important for understanding the guidelines and regulations applicable to property transactions in the area.