Guideline Value for RAJAGOPALAN NAGAR

Rajagopalan Nagar guideline value

The current guideline value of Rajagopalan Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Rajagopalan Nagar has changed

The guideline value for Rajagopalan Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased this value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for this area is Rs 1,540 per sq.ft, which is equal to the current guideline value of Rajagopalan Nagar.

• Rajamaniyam Street: Rs 1,210 per sq.ft (2024)
• Rajeswari Avenue: Rs 1,210 per sq.ft (2024)
• Province: Rs 4,400 per sq.ft (2024)
• Prithvi Nagar: Rs 3,650 per sq.ft (2024)
• Ramachandra Avenue: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co - Op Nagar Phase II: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopalan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost for these fees Rs 1,38,600. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Rajagopalan Nagar?

The Sub Registrar Office that covers Rajagopalan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure that all legal requirements are met during the registration process. It is essential for both buyers and sellers to be aware of these values to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Rajagopalan Nagar?

The current guideline value of Rajagopalan Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft, which is an overall increase of 64% by 2024.

What was the guideline value in 2023?

The guideline value in 2023 was Rs 1,400 per sq.ft, reflecting a 49% increase from the 2017 figure.

Are there any years with no guideline value for Rajagopalan Nagar?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Rajagopalan Nagar.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.