Guideline Value for RAJA GOPAL NAGAR

Raja Gopal Nagar guideline value

The current guideline value of Raja Gopal Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under Ramathandalam village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Raja Gopal Nagar has changed

Over the years, the guideline value of Raja Gopal Nagar has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. Following this, the 2023 revision brought the value back to Rs 150 per sq.ft, and it has remained the same through the 2024 revision, which also lists the value at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 to the 2023 revision, there was a significant increase of 50%. However, the overall change from the 2012 revision to the 2024 revision shows no net change, as the value is back to Rs 150 per sq.ft. Thus, the guideline value has fluctuated over the years but is currently stable.

Guideline values in Ramathandalam

Raja Gopal Nagar is part of Ramathandalam, which currently has no specific guideline values provided for other streets. The guideline value for Raja Gopal Nagar stands at Rs 150 per sq.ft as of the 2024 revision.

Stamp duty and registration fee for property in Raja Gopal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Raja Gopal Nagar?

The Sub Registrar Office covering Raja Gopal Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ramathandalam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Raja Gopal Nagar?

The current guideline value of Raja Gopal Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 150 per sq.ft in 2012, 2023, and 2024, and Rs 100 per sq.ft in 2017. The 2023 to 2024 revision saw no change, while there was a 50% increase from 2017 to 2023.

What is the registration office for Raja Gopal Nagar?

The registration office for Raja Gopal Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Raja Gopal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%, with a registration fee of Rs 3,000 at a rate of 2%.

Are there other streets in Ramathandalam with guideline values?

Currently, there are no specific guideline values provided for other streets in Ramathandalam. Raja Gopal Nagar is the only street mentioned with a guideline value of Rs 150 per sq.ft.