Guideline Value for Roja Street

Roja Street guideline value

The current guideline value of Roja Street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Roja Street has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a significant drop of 33%. The value then increased to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% rise.

Between the 2017 and 2023 revisions, the guideline value saw a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

Peerklankaranai village has a total of 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Roja Street's 2024 figure is below this median.

• Rathnakumar Avenue: Rs 1,320 per sq.ft (2024)
• Ramanujam Street: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar 1st st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 2nd St: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 3rd st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 4th st: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 detailed calculations.

Which Sub Registrar Office covers Roja Street?

Roja Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Roja Street?

The current guideline value of Roja Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,200 per sq.ft in 2012, Rs 804 per sq.ft in 2017, Rs 1,200 per sq.ft in 2023, and Rs 1,320 per sq.ft in 2024. The most significant change was a 49% increase from 2017 to 2023.

What is the median guideline value in Peerklankaranai?

The median guideline value for streets in Peerklankaranai is Rs 1,650 per sq.ft, indicating that Roja Street's current value is below this median.

What are the stamp duty and registration fees for properties on Roja Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Roja Street?

Roja Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.