Guideline Value for Rajkamal 2nd Cross st

Rajkamal 2nd Cross st guideline value

The current guideline value of Rajkamal 2nd Cross st is Rs 1,650 per sq.ft. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajkamal 2nd Cross st has changed

The guideline value for Rajkamal 2nd Cross st has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,500 per sq.ft, which was later revised to Rs 1,005 per sq.ft in 2017. This marked a decrease of 33%. Following that, the value increased significantly to Rs 1,500 per sq.ft in 2023, and subsequently rose to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current figure for Rajkamal 2nd Cross st.

• Rajkamal cement Road: Rs 1,650 per sq.ft (2024)
• Rajkamal Cross Street: Rs 1,650 per sq.ft (2024)
• Rajkamal Street: Rs 1,650 per sq.ft (2024)
• RajivGandhi St: Rs 2,200 per sq.ft (2024)
• RajiGandhi Cross St: Rs 880 per sq.ft (2024)
• Ramalingam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajkamal 2nd Cross st

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajkamal 2nd Cross st?

The Sub Registrar Office that covers Rajkamal 2nd Cross st 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 Peerklankaranai

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the government and is based on various factors, including location and land classification.

When a buyer and seller agree on a sale price, the registration office will charge the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Rajkamal 2nd Cross st?

The current guideline value for Rajkamal 2nd Cross st is Rs 1,650 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the land classification for Rajkamal 2nd Cross st?

The land classification for Rajkamal 2nd Cross st is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Rajkamal 2nd Cross st?

The Sub Registrar Office for Rajkamal 2nd Cross st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.