Guideline Value for Sri Rajarajeshwari Nagar

Sri Rajarajeshwari Nagar guideline value

The current guideline value of Sri Rajarajeshwari Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Ponmar village, within the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Rajarajeshwari Nagar has changed

Over the years, the guideline value for Sri Rajarajeshwari Nagar has seen several revisions. The earliest recorded value was Rs 100 per sq.ft in 2007, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this value remained unchanged until the next revision in 2017, where it dropped to Rs 670 per sq.ft. The most recent revision in 2023 saw a return to Rs 1,000 per sq.ft.

In terms of percentage changes, the guideline value increased by 900% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. From 2017 to 2023, there was an increase of 49%. Overall, from 2007 to 2023, the guideline value has increased by 900%. The register does not provide figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Sri Rajarajeshwari Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Rajarajeshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that 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 detailed calculations based on your property transaction.

Which Sub Registrar Office covers Sri Rajarajeshwari Nagar?

The Sub Registrar Office that covers Sri Rajarajeshwari Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is an essential factor in property transactions in Ponmar, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is crucial for buyers and sellers to be aware of the current guideline value in order to ensure compliance with registration requirements. The guideline value serves as a baseline for the transaction, ensuring that the property is registered at a fair value as per the government's regulations.

Frequently asked questions

What is the current guideline value of Sri Rajarajeshwari Nagar?

The current guideline value of Sri Rajarajeshwari Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Sri Rajarajeshwari Nagar?

Sri Rajarajeshwari Nagar is classified as Residential Special Type - II, which is important for determining the applicable regulations and guidelines for property development in the area.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Rajarajeshwari Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.