Guideline Value for Roja Street (4)

Roja Street (4) guideline value

The current guideline value of Roja Street (4) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Roja Street (4) has changed

The guideline value for Roja Street (4) has undergone several revisions over the years. In 2017, the guideline value was Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 reflects a significant rise of 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. The absence of data for these years means we can only consider the changes from 2017 onwards.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, indicating that Roja Street (4) is below this median value.

• Ram Street, Shanmuga Nagar: Rs 1,320 per sq.ft (2024)
• Ram Street: Rs 1,100 per sq.ft (2024)
• Ramanthan Nagar Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Ramanthan Nagar Salai: Rs 2,200 per sq.ft (2024)
• Ramanathan Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Ramanathan Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Street (4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Roja Street (4)?

The Sub Registrar Office covering Roja Street (4) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both parties are aware of the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of Roja Street (4)?

The current guideline value of Roja Street (4) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur under the Pammal SRO is Rs 1,320 per sq.ft for 2024, with Roja Street (4) being below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Roja Street (4) is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Roja Street (4) located?

The Sub Registrar Office for Roja Street (4) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.