Guideline Value for Rajeswari Nagar

Rajeswari Nagar guideline value

The current guideline value of Rajeswari Nagar, located in Vellanthangal village under the Sriperumpudur SRO, is Rs 400 per sq.ft as per the 2024 revision 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 historical revisions, the 2012 guideline value was Rs 400 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision saw a decrease to Rs 268 per sq.ft, followed by a significant increase of 49% to Rs 400 per sq.ft in the 2023 revision, which has remained the same in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall, from 2012 to 2024, it has remained unchanged at Rs 400 per sq.ft. The consistent figures in the recent revisions indicate stability in the guideline value for Rajeswari Nagar.

Guideline values in Vellanthangal

In Vellanthangal, there are 9 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 3,300 per sq.ft, with a median value of Rs 650 per sq.ft. The guideline value for Rajeswari Nagar is below this median.

• Rajalakshmi Nagar Part III: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Dhanalaxmi Nagar: Rs 650 per sq.ft (2024)
• Symphony Phase -I: Rs 3,300 per sq.ft (2024)
• Symphony Phase -II: Rs 3,300 per sq.ft (2024)
• Vgn Brixton: 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 amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. 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 more 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 online for more information.

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

The guideline value is a crucial factor when registering property transactions in Vellanthangal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to understand the applicable stamp duty and registration fees during the transaction process.

When you buy or sell a property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of either the guideline value or the sale price, whichever is higher. This ensures that the property is registered at a value that reflects its market standing according to the government’s assessment.

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, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 400 per sq.ft from 2012 to 2024, with a significant decrease to Rs 268 per sq.ft in 2017, followed by an increase to Rs 400 per sq.ft in 2023.

What is the land classification for Rajeswari Nagar?

The land classification for Rajeswari Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

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

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

How is stamp duty calculated for properties in Rajeswari Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.