Guideline Value for RAJIV GANDHI STREET

Rajiv Gandhi Street guideline value

The current guideline value of Rajiv Gandhi Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajiv Gandhi Street has changed

Over the years, the guideline value of Rajiv Gandhi Street has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 700% increase. However, the guideline value dropped to Rs 536 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value remained the same at Rs 800 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The register does not contain figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 700%.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Rajiv Gandhi Street's 2024 figure below that median.

• Rajammal Street: Rs 1,100 per sq.ft (2024)
• Rajaji Street: Rs 1,500 per sq.ft (2024)
• Railway Station Street (West Side From G.S.T.): Rs 1,500 per sq.ft (2024)
• Sandai Mettu Street: Rs 1,500 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)
• Pavender Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi Street?

The Sub Registrar Office that covers Rajiv Gandhi Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in SingaperumalKoil. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When a property transaction occurs, the guideline value is used to assess the tax obligations, ensuring that both buyers and sellers are aware of the financial implications of their property dealings. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Street?

The current guideline value of Rajiv Gandhi Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then to Rs 536 per sq.ft in 2017, and remaining at Rs 800 per sq.ft in both 2023 and 2024.

What is the stamp duty rate in SingaperumalKoil?

The stamp duty rate in SingaperumalKoil is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value for streets in SingaperumalKoil?

The median guideline value for streets in SingaperumalKoil is Rs 1,100 per sq.ft, with Rajiv Gandhi Street's value being below this median.