Guideline Value for Roja Nagar

Roja Nagar guideline value

The current guideline value of Roja Nagar, located in Maathoor village under the Sunguvarchattram SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Roja Nagar has changed

Over the years, the guideline value for Roja Nagar has experienced several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 40 per sq.ft. This value increased significantly to Rs 250 per sq.ft in the 2012 revision, marking a substantial rise of 525%. However, in 2017, the value was adjusted to Rs 167 per sq.ft, which represented a decrease of 33%. The guideline value remained at Rs 250 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 525%, illustrating significant changes over the years.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Roja Nagar is below this median.

• Priya Nagar: Rs 300 per sq.ft (2024)
• Sivan Kovil Street: Rs 505 per sq.ft (2024)
• Nehru Street: Rs 500 per sq.ft (2024)
• SriVigneshwara Nagar: Rs 250 per sq.ft (2024)
• Mungillamman Kovil Street: Rs 500 per sq.ft (2024)
• Mungilan Kovil Main Road: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. 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 precise calculations based on your specific property transaction.

Which Sub Registrar Office covers Roja Nagar?

The Sub Registrar Office that covers Roja Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will assess the property based on the guideline value to ensure that the appropriate fees are collected. This process is essential for maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Roja Nagar?

The current guideline value of Roja Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and has remained at Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Maathoor?

The median guideline value in Maathoor is Rs 500 per sq.ft, while the guideline value for Roja Nagar is below this median at Rs 250 per sq.ft.

What are the stamp duty and registration fees for property in Roja Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500 for these fees.

Which office handles property registrations in Roja Nagar?

The Sunguvarchattram Sub Registrar Office is responsible for property registrations in Roja Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.