Guideline Value for Rajeswari Nagar

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar, located in Siru Mathoor village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Rajeswari Nagar has changed

Looking at the revisions over the years, the guideline value for Rajeswari Nagar has remained consistent at Rs 300 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 201 per sq.ft, which marked a significant increase of 49% from 2017 to 2023. In the 2012 revision, the value was again Rs 300 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has not changed.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was the first time the value reached Rs 300 per sq.ft, and it has remained unchanged since then.

Guideline values in Siru Mathoor

Siru Mathoor village has a total of 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Rajeswari Nagar's 2024 figure below that median.

• Raja Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Perumal Koil street: Rs 600 per sq.ft (2024)
• Santhi Nagar: Rs 400 per sq.ft (2024)
• Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Oviar Gramam: Rs 300 per sq.ft (2024)
• Osuramman Koil street: Rs 600 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 would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees 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 the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

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 Siru Mathoor

The guideline value plays a crucial role during the registration of property transactions in Siru Mathoor. It is the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the government.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and helps in maintaining a standard for property transactions within the region.

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?

Since the 2012 revision, the guideline value has remained at Rs 300 per sq.ft in 2012, 2023, and 2024. The only significant change occurred between the 2017 and 2023 revisions, where it increased by 49% from Rs 201 per sq.ft.

What are the other streets in Siru Mathoor and their guideline values?

Other streets in Siru Mathoor include Raja Rajeswari Nagar at Rs 300 per sq.ft, Perumal Koil street at Rs 600 per sq.ft, Santhi Nagar at Rs 400 per sq.ft, Padmavathy Nagar at Rs 150 per sq.ft, Oviar Gramam at Rs 300 per sq.ft, and Osuramman Koil street at Rs 600 per sq.ft.

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

The stamp duty for property in Rajeswari Nagar is 7%, and the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Where is the Sub Registrar Office for Rajeswari Nagar located?

The Sub Registrar Office for Rajeswari Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration needs for the area.