Guideline Value for Rajunaicken Street (Raju St)

Rajunaicken Street (Raju St) guideline value

The current guideline value of Rajunaicken Street (Raju St) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class II Type - II.

How the guideline value of Rajunaicken Street (Raju St) has changed

Over the years, the guideline value of Rajunaicken Street has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,460 per sq.ft. This was followed by a significant increase to Rs 6,000 per sq.ft in 2012, which remained unchanged until the next revision in 2023, where it was again Rs 6,000 per sq.ft. The most recent revision in 2024 saw an increase to Rs 6,600 per sq.ft, marking a 10% rise from the previous year.

In terms of percentage changes, the guideline value increased by 311% from 2007 to 2012, and overall, from 2007 to 2024, it has increased by 352%. There are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Rajunaicken Street's 2024 figure above that median.

• Ramachandran Street (JPT): Rs 4,100 per sq.ft (2024)
• Ramachandran Street (w.M): Rs 5,500 per sq.ft (2024)
• Rajiv Gandhi Street(M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Ramaiya Street: Rs 4,100 per sq.ft (2024)
• Ramakrishnapuram 1st Street: Rs 7,700 per sq.ft (2024)
• Ramakrishnapuram 2nd Street: Rs 7,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajunaicken Street (Raju St)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajunaicken Street (Raju St)?

The Sub Registrar Office that covers Rajunaicken Street (Raju St) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are mandatory for property transactions.

Frequently asked questions

What is the current guideline value of Rajunaicken Street (Raju St)?

The current guideline value of Rajunaicken Street (Raju St) is Rs 6,600 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 1,460 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 352% since 2007.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office is responsible for Rajunaicken Street?

The Ashok Nagar Sub Registrar Office is responsible for Rajunaicken Street (Raju St), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Rajunaicken Street's current value being above this median.