Guideline Value for Rajeswari Nagar

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar, located in Pillaippakkam-A village, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Rajeswari Nagar has changed

The guideline value for Rajeswari Nagar has remained consistent at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision set the guideline value at Rs 201 per sq.ft, reflecting a significant increase of 49% over the six-year period leading to 2023.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which matches the current guideline value for Rajeswari Nagar.

• Raja veedhi: Rs 300 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 300 per sq.ft (2024)
• R.R.Avenue: Rs 700 per sq.ft (2024)
• Peyaridappadatha Manaipirivu: Rs 344 per sq.ft (2024)
• Sampooranam Nagar: Rs 300 per sq.ft (2024)
• Samsu Nagar: Rs 200 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 at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeswari Nagar?

The Sub Registrar Office that covers Rajeswari Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value is an essential factor in the registration process of property transactions in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations during the registration process.

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 remained at Rs 300 per sq.ft from 2023 to 2024, with a 49% increase from Rs 201 per sq.ft in 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for properties 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. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Rajeswari Nagar?

The Sriperumpudur Sub Registrar Office covers Rajeswari Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the classification of land in Rajeswari Nagar?

Rajeswari Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.