Guideline Value for Rajeswari Street(Devi Nagar)

Rajeswari Street(Devi Nagar) guideline value

The current guideline value of Rajeswari Street(Devi Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Rajeswari Street(Devi Nagar) has changed

The guideline value for Rajeswari Street(Devi Nagar) has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a change of +525%. However, this value decreased to Rs 1,675 per sq.ft in 2017, a drop of -33%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of +61% from the previous revision.

It is important to note that there are no recorded figures for Rajeswari Street(Devi Nagar) in the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by +575%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, making Rajeswari Street(Devi Nagar)'s 2024 figure of Rs 2,700 per sq.ft above the median.

• Rajeswari Street: Rs 2,700 per sq.ft (2024)
• Rajarajan Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Rajamani Street: Rs 990 per sq.ft (2024)
• Rajamani Nagar: Rs 990 per sq.ft (2024)
• Rajaji Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Ramanjuam Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Street(Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value is Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeswari Street(Devi Nagar)?

The Sub Registrar Office that covers Rajeswari Street(Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable fees.

When a property is registered, the guideline value is assessed to ensure that the transaction is in line with government regulations. This helps maintain transparency in property transactions and ensures that the state receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Rajeswari Street(Devi Nagar)?

The current guideline value of Rajeswari Street(Devi Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of +575%.

What are the other streets with guideline values in Thirumullaivoyal?

Other streets in Thirumullaivoyal include Rajarajan Street(senthil nagar) and Rajaji Street (Road) (Senthil Nagar), both at Rs 2,700 per sq.ft, and Rajamani Street and Rajamani Nagar at Rs 990 per sq.ft.

What is the stamp duty rate for property in Rajeswari Street(Devi Nagar)?

The stamp duty rate for property transactions in Rajeswari Street(Devi Nagar) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Rajeswari Street(Devi Nagar)?

The Sub Registrar Office for Rajeswari Street(Devi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.