Guideline Value for Rajeswari Street

Rajeswari Street guideline value

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

How the guideline value of Rajeswari Street has changed

Since the first recorded revision in 2003, the guideline value has seen significant changes. The value started at Rs 130 per sq.ft in 2003 and rose to Rs 600 per sq.ft in 2007, marking an increase of 362%. By 2012, the value reached Rs 2,500 per sq.ft, which was a substantial increase of 317% from 2007. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a drop of 33% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, representing a notable increase of 61% from 2017.

It is important to note that there are no figures recorded for Rajeswari Street in the 2023 and 2002 revisions. Overall, from 2003 to 2024, the guideline value has increased by 1977%.

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 value for these streets is Rs 2,400 per sq.ft, placing Rajeswari Street's 2024 figure above this median.

• Rajeswari Street(Devi Nagar): 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

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to 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, making the total Rs 2,43,000. Please 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 details.

Which Sub Registrar Office covers Rajeswari Street?

The Sub Registrar Office that covers Rajeswari Street 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 in property transactions in Thirumullaivoyal. 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 value of the property in the context of local real estate. It is essential for buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Rajeswari Street?

The current guideline value of Rajeswari Street 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 significantly from Rs 130 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 1977% over this period.

What is the land classification of Rajeswari Street?

Rajeswari Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.