Guideline Value for RAJAGOPAL STREET (CHEN)

Rajagopal Street (Chen) guideline value

The current guideline value of Rajagopal Street (Chen) is Rs 660 per sq.ft. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Rajagopal Street (Chen) has changed

The guideline value for Rajagopal Street (Chen) has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. It then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and currently, it stands at Rs 660 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 reflects a 10% increase in the guideline value.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Rajagopal Street (Chen) is below this median.

• Rajaji Street (Chen): Rs 660 per sq.ft (2024)
• Ragavendra Nagar (Sith): Rs 770 per sq.ft (2024)
• Rajeswari Nagar (Chen): Rs 660 per sq.ft (2024)
• Rajiv Gandhi Street (Chen): Rs 660 per sq.ft (2024)
• Prema Nagar (Chen): Rs 660 per sq.ft (2024)
• Poompugar Nagar (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Street (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the 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 more details.

Which Sub Registrar Office covers Rajagopal Street (Chen)?

The Sub Registrar Office that covers Rajagopal Street (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value ensures that the transaction is documented at a value that reflects the locality's standards. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rajagopal Street (Chen)?

The current guideline value of Rajagopal Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Sengundram - 1?

Other streets in Sengundram - 1 have varying guideline values. For instance, Ragavendra Nagar (Sith) is Rs 770 per sq.ft, while several other streets, including Rajaji Street (Chen), Rajeswari Nagar (Chen), Rajiv Gandhi Street (Chen), Prema Nagar (Chen), and Poompugar Nagar (Chen) all have a guideline value of Rs 660 per sq.ft in 2024.

What fees are associated with buying property in Rajagopal Street (Chen)?

When buying property in Rajagopal Street (Chen), the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Where can I find the Sub Registrar Office for Rajagopal Street (Chen)?

The Sub Registrar Office covering Rajagopal Street (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.