Guideline Value for Rajeswari Nagar

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar, located in Thandalam village under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajeswari Nagar has changed

The guideline value for Rajeswari Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 90 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it dropped to Rs 268 per sq.ft in 2017, before remaining stable at Rs 400 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from the 2017 figure.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 344%, showcasing significant changes in the valuation over the years.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 400 per sq.ft, making Rajeswari Nagar's 2024 figure equal to this median.

• Rajiv Gandhi Main Road: Rs 505 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Puthu Street: Rs 300 per sq.ft (2024)
• Regency Park: Rs 505 per sq.ft (2024)
• Sakthi Enclave: Rs 800 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 detailed calculations.

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 Thandalam

The guideline value plays a crucial role during the registration process of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that they are calculated based on the official valuation rather than the sale price alone. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Rajeswari Nagar?

The current guideline value of Rajeswari Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 90 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then dropping to Rs 268 per sq.ft in 2017, and remaining stable at Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Rajeswari Nagar?

The land classification for Rajeswari Nagar is Residential Class II Type - I, indicating its intended use for residential purposes.

How is the stamp duty calculated for properties in Rajeswari Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft would incur a total stamp duty and registration fee of Rs 36,000.

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.