Guideline Value for Bharath Rathna Rajiv Gandhi Nagar

Bharath Rathna Rajiv Gandhi Nagar guideline value

The current guideline value of Bharath Rathna Rajiv Gandhi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Bharath Rathna Rajiv Gandhi Nagar has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it decreased to Rs 1,474 per sq.ft in 2017. Following this, the value rose to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is 9%. Notably, the rise from 2007 to 2012 was a remarkable 340%, but then the value saw a decline of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 380%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value for Bharath Rathna Rajiv Gandhi Nagar is above this median.

• Bharathiyar Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Bharathiyar Street (Ganthi Nagar): Rs 1,800 per sq.ft (2024)
• Bhavaniamman Koil Street: Rs 1,600 per sq.ft (2024)
• Bharathi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Bharathi Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Rathna Rajiv Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. 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 further calculations.

Which Sub Registrar Office covers Bharath Rathna Rajiv Gandhi Nagar?

The Sub Registrar Office covering Bharath Rathna Rajiv Gandhi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Oragadam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to calculate these fees, ensuring that they are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in establishing a fair basis for taxation and legal documentation during property transactions.

Frequently asked questions

What is the current guideline value of Bharath Rathna Rajiv Gandhi Nagar?

The current guideline value of Bharath Rathna Rajiv Gandhi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 380% over the years.

What is the land classification for Bharath Rathna Rajiv Gandhi Nagar?

Bharath Rathna Rajiv Gandhi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Sub Registrar Office located for this area?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.