Guideline Value for RAJAGOPAL STREET, (M.T.H.ROAD SOUTHERN SIDE)

Rajagopal Street, (M.T.H.Road Southern Side) guideline value

The current guideline value of Rajagopal Street, (M.T.H.Road Southern Side) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Rajagopal Street, (M.T.H.Road Southern Side) has changed

The guideline value for Rajagopal Street has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value significantly increased by 49%, reaching Rs 900 per sq.ft again in 2023. The latest revision in 2024 has further increased the guideline value to Rs 988 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which is equal to the 2024 figure for Rajagopal Street.

• Railway Line Streets (South): Rs 988 per sq.ft (2024)
• Railway Line Southern Side Streets: Rs 988 per sq.ft (2024)
• Radhakrishnan Street, Charles Nagar: Rs 988 per sq.ft (2024)
• Pushparaj Naidu Street, Railway Line Northern Side: Rs 801 per sq.ft (2024)
• Raja Street, Charles Nagar: Rs 800 per sq.ft (2024)
• P.T.M.S.Street, Ambedkar Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Street, (M.T.H.Road Southern Side)

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total to Rs 88,920. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajagopal Street, (M.T.H.Road Southern Side)?

The Avadi Sub Registrar Office covers Rajagopal Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the appropriate stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the government receives the correct amount of revenue based on the property's value. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Rajagopal Street?

The current guideline value of Rajagopal Street, (M.T.H.Road Southern Side) is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Rajagopal Street?

Rajagopal Street is classified as Residential Class II Type - I under the Avadi Sub Registrar Office.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Rajagopal Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 9,88,000 would incur a stamp duty of Rs 69,160.