Guideline Value for Rajkamal Cross Street

Rajkamal Cross Street guideline value

The current guideline value of Rajkamal Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajkamal Cross Street has changed

The guideline value for Rajkamal Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. From 2012 to 2017, the guideline value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure 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 value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Rajkamal Cross Street.

• Rajkamal cement Road: Rs 1,650 per sq.ft (2024)
• Rajkamal Street: Rs 1,650 per sq.ft (2024)
• Rajkamal 2nd Cross st: 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 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total fees to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajkamal Cross Street?

The Sub Registrar Office that covers Rajkamal Cross 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When buying or selling property, the guideline value helps determine the legal value of the property, which is necessary for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Rajkamal Cross Street?

The current guideline value of Rajkamal Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Rajkamal Cross Street?

The land classification for Rajkamal Cross Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Rajkamal Cross Street?

The Sub Registrar Office for Rajkamal Cross Street 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 properties in Rajkamal Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000, leading to a stamp duty of Rs 1,15,500.