Guideline Value for RAJINIKANTH NAGAR

Rajinikanth Nagar guideline value

The current guideline value of Rajinikanth Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area falls under Kunnangulathur village and is classified as Residential Special Type - I, within the jurisdiction of the Madurandakam SRO.

How the guideline value of Rajinikanth Nagar has changed

The guideline value for Rajinikanth Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 120 per sq.ft, but it decreased to Rs 80 per sq.ft in 2017. Following this, the value increased to Rs 100 per sq.ft in 2023, and the most recent revision in 2024 established the current rate at Rs 103 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, between 2017 and 2023, there was a significant increase of 25%. The overall change from 2012 to 2024 shows a decline of 14%, with the latest change from 2023 to 2024 reflecting a modest increase of 3%.

Guideline values in Kunnangulathur

In addition to Rajinikanth Nagar, there are other streets in Kunnangulathur under the Madurandakam SRO. The guideline value for these streets varies, providing potential buyers with options in the area.

• Then Thiruppathy Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Rajinikanth Nagar

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajinikanth Nagar?

The Rajinikanth Nagar area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property in Kunnangulathur, as it determines the minimum value at which a property can be registered. Buyers should be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

When selling property, the guideline value serves as a benchmark for both buyers and sellers. It ensures transparency in transactions and helps in determining the appropriate fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Rajinikanth Nagar?

The current guideline value of Rajinikanth Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2012 to Rs 80 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Rajinikanth Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 9,270, based on the current guideline value of Rs 1,03,000.

Which office handles registrations for Rajinikanth Nagar?

The Madurandakam Sub Registrar Office handles registrations for Rajinikanth Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Rajinikanth Nagar?

Rajinikanth Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.