Guideline Value for Rajeswari Nagar

Rajeswari Nagar guideline value

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

How the guideline value of Rajeswari Nagar has changed

The guideline value for Rajeswari Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. This was followed by a significant increase in the 2023 revision, bringing the value back to Rs 300 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

From 2012 to 2024, the overall change in the guideline value is 0%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value is Rs 300 per sq.ft, which aligns with the current value of Rajeswari Nagar.

• Rajesh Nagar: Rs 300 per sq.ft (2024)
• Rajendran Nagar: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar Part - II: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 200 per sq.ft (2024)
• Saraswathi Nagar: Rs 400 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 cost for these fees Rs 27,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Rajeswari Nagar?

The Sub Registrar Office covering Rajeswari Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the property registration process in Valarpuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

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 since 2012, except for a drop to Rs 201 per sq.ft in 2017. The value returned to Rs 300 per sq.ft in 2023 and has not changed in 2024.

What is the land classification for Rajeswari Nagar?

Rajeswari Nagar is classified as Residential Class II Type - I. This classification is important for determining the applicable guidelines and regulations for property development in the area.

Where can I find the Sub Registrar Office for Rajeswari Nagar?

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

How is stamp duty calculated for properties in Rajeswari Nagar?

Stamp duty for properties in Rajeswari Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.