Guideline Value for Rajini Raja Koil Street (Jawahar Nagar)

Rajini Raja Koil Street (Jawahar Nagar) guideline value

The current guideline value of Rajini Raja Koil Street (Jawahar Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rajini Raja Koil Street (Jawahar Nagar) has changed

The guideline value for Rajini Raja Koil Street has seen several revisions over the years. In 2002, the value was Rs 452 per sq.ft, which increased to Rs 492 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision.

In terms of percentage changes, the guideline value rose by 9% from 2002 to 2003, followed by a 63% increase from 2003 to 2007. The value then surged by 213% from 2007 to 2012. However, there was a notable decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. Overall, the guideline value has increased by 497% from 2002 to 2024.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,301 per sq.ft. Rajini Raja Koil Street's 2024 figure is below this median.

• Ramaiya Naidu Colony: Rs 2,700 per sq.ft (2024)
• Ramamurthy Colony 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Ramamurthy Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Ramamurthy Colony 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Ramamurthy Colony 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Ramamurthy Colony Main Road: Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Rajini Raja Koil Street (Jawahar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be 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, resulting in a total of Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajini Raja Koil Street (Jawahar Nagar)?

The Sub Registrar Office that covers Rajini Raja Koil Street (Jawahar Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The value is set by the government and is regularly revised to reflect changes in the market.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process. It is advisable to check the latest figures before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of Rajini Raja Koil Street (Jawahar Nagar)?

The current guideline value of Rajini Raja Koil Street (Jawahar 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 significantly from Rs 452 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 497% over the years.

What is the land classification for Rajini Raja Koil Street?

Rajini Raja Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sembiam Sub Registrar Office, which covers Rajini Raja Koil Street, is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in this area?

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