Guideline Value for RAJAGOPAL STREET

Rajagopal Street guideline value

The current guideline value of Rajagopal Street is Rs 6,000 per sq.ft. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Rajagopal Street has changed

The guideline value for Rajagopal Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,100 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in the 2012 revision, marking a 400% rise. However, in the 2017 revision, the value dropped to Rs 3,685 per sq.ft, which was a decrease of 33%. The value then rose to Rs 5,500 per sq.ft in the 2023 revision, a 49% increase, before reaching the current value of Rs 6,000 per sq.ft in the 2024 revision, reflecting a 9% increase.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Rajagopal Street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a guideline value for 2024 ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 6,000 per sq.ft, which is equal to the current value of Rajagopal Street.

• Raghuram Street: Rs 6,000 per sq.ft (2024)
• Raghuraman Street: Rs 6,000 per sq.ft (2024)
• Raghavan Street: Rs 5,500 per sq.ft (2024)
• Quide Millath I St Street: Rs 3,800 per sq.ft (2024)
• Quide Millath II Nd Street: Rs 3,300 per sq.ft (2024)
• Quide Millath III Rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total cost to Rs 5,40,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajagopal Street?

The Sub Registrar Office that covers Rajagopal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller approaches the registration office, the guideline value helps determine the financial obligations related to the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajagopal Street?

The current guideline value of Rajagopal Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, representing an overall increase of 445% across the revisions.

What is the land classification for Rajagopal Street?

Rajagopal Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the registration office for Rajagopal Street?

The registration office for Rajagopal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties on Rajagopal Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at the rate of 7%.