Guideline Value for Roja Nagar

Roja Nagar guideline value

The current guideline value of Roja Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Roja Nagar has changed

In the 2017 revision, the guideline value for Roja Nagar was Rs 737 per sq.ft. This figure increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Roja Nagar is below this median.

• Road Street (Way to Murugan Koil): Rs 1,540 per sq.ft (2024)
• Road Street Lane (Left): Rs 1,430 per sq.ft (2024)
• Road Street / Extension: Rs 1,540 per sq.ft (2024)
• Road Street E.H.W: Rs 1,430 per sq.ft (2024)
• Road Street Babu Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Road Street Babu nagar 3rd Cross Street (Right): Rs 1,540 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. 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 Roja Nagar?

The Roja Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process of property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure 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 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft, which is an overall increase of 64% over the years.

What was the guideline value in 2023?

The guideline value for Roja Nagar in 2023 was Rs 1,100 per sq.ft, which increased by 10% to Rs 1,210 per sq.ft in 2024.

How does the guideline value compare to other streets in Kunrathour-B?

The guideline value of Rs 1,210 per sq.ft for Roja Nagar is below the median value of Rs 1,540 per sq.ft for other streets in Kunrathour-B.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details about your SRO by visiting the provided link.