Guideline Value for Rajrukh Enclave

Rajrukh Enclave guideline value

The current guideline value of Rajrukh Enclave, located in Vellarai village under the Sriperumpudur SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Rajrukh Enclave has changed

The guideline value for Rajrukh Enclave has seen several revisions over the years. The 2007 revision set the value at Rs 30 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a substantial increase of 900%. However, the 2017 revision saw a decrease to Rs 201 per sq.ft, reflecting a drop of 33%. The value remained at Rs 300 per sq.ft in the 2023 revision and has not changed in the 2024 revision, indicating a 0% change from 2023 to 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 900%.

Guideline values in Vellarai

In Vellarai village, there are 20 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,500 per sq.ft. The median value among these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Rajrukh Enclave.

• Royal Lands Co-op Maha Nagar Phase II: Rs 600 per sq.ft (2024)
• Pokkisham Nagar: Rs 300 per sq.ft (2024)
• Sbk Avenue Phase I: Rs 400 per sq.ft (2024)
• Sbk Avenue Phase II: Rs 400 per sq.ft (2024)
• Srimathi city: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Rajrukh Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 accurate calculations.

Which Sub Registrar Office covers Rajrukh Enclave?

The Sub Registrar Office that covers Rajrukh Enclave is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vellarai. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Rajrukh Enclave?

The current guideline value of Rajrukh Enclave is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most significant increase occurring from Rs 30 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, a rise of 900%. The value has remained stable at Rs 300 per sq.ft since 2012, with no change from 2023 to 2024.

What is the land classification for Rajrukh Enclave?

The land classification for Rajrukh Enclave is Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Rajrukh Enclave?

The Sub Registrar Office for Rajrukh Enclave is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rajrukh Enclave?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, resulting in a stamp duty of Rs 21,000.