Guideline Value for Rajeswari Street

Rajeswari Street guideline value

The current guideline value of Rajeswari Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Rajeswari Street has changed

The guideline value of Rajeswari Street has undergone several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 750 per sq.ft. In 2017, it decreased to Rs 502 per sq.ft, reflecting a change of -33%. However, by 2023, the value increased to Rs 750 per sq.ft and further rose to Rs 830 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

There are no recorded figures for Rajeswari Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is the same as the current value for Rajeswari Street.

• Rajaram Street: Rs 830 per sq.ft (2024)
• Ramadoss Nagar: Rs 550 per sq.ft (2024)
• Rajaji Street: Rs 830 per sq.ft (2024)
• Ramar Street: Rs 830 per sq.ft (2024)
• Ragulan Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, making the total cost for these fees Rs 74,700. 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 Street?

The Sub Registrar Office that covers Rajeswari Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajeswari Street?

The current guideline value of Rajeswari Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What are the other streets in Agaramthen with similar guideline values?

Other streets in Agaramthen with a guideline value of Rs 830 per sq.ft include Rajaram Street, Rajaji Street, Ramar Street, Ragulan Street, and Raghulamman Koil Street.

What are the stamp duty and registration fees for properties in Rajeswari Street?

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which office handles registrations for Rajeswari Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Rajeswari Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.