Guideline Value for Roseling Nagar

Roseling Nagar guideline value

The current guideline value of Roseling Nagar, located in Chitlapakkam village, under the Tambaram Joint 1 SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Roseling Nagar has changed

The guideline value for Roseling Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,750 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, reflecting the changes in the value over the years.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Roseling Nagar's 2024 figure above this median.

• Roselin nagar 2nd street: Rs 2,750 per sq.ft (2024)
• Roselin nagar muthal street: Rs 2,750 per sq.ft (2024)
• Roslien St: Rs 2,750 per sq.ft (2024)
• R.R.Nagar (Ananda street): Rs 1,650 per sq.ft (2024)
• Russo Street: Rs 1,650 per sq.ft (2024)
• R.B Nagar Extension: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Roseling Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Roseling Nagar?

The Sub Registrar Office that covers Roseling Nagar is 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 Chitlapakkam

The guideline value is a crucial factor when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. This ensures that the property is registered at a value that reflects its worth according to the government’s assessment.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Roseling Nagar?

The current guideline value of Roseling Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Roseling Nagar?

The land classification for Roseling Nagar is Residential Class I Type - II.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where can I find the Sub Registrar Office for Roseling Nagar?

The Sub Registrar Office for Roseling Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.