Guideline Value for RAJIV GANDHI CROSS STREET

Rajiv Gandhi Cross Street guideline value

The current guideline value of Rajiv Gandhi Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajiv Gandhi Cross Street has changed

The guideline value for Rajiv Gandhi Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. However, the value saw a significant increase to Rs 1,500 per sq.ft in 2023, and it has further risen to the current value of Rs 1,980 per sq.ft in the 2024 revision, marking a 32% increase from the previous year.

Overall, from the 2012 revision to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft, with the median value being Rs 1,980 per sq.ft. Rajiv Gandhi Cross Street's 2024 guideline value is equal to this median.

• Rajiv Gandhi Street: Rs 1,980 per sq.ft (2024)
• Ramar Koil Street: Rs 1,980 per sq.ft (2024)
• Sai Nagar Salai: Rs 2,530 per sq.ft (2024)
• Sai Ram Nagar: Rs 2,200 per sq.ft (2024)
• Sakthi Iyyanar Nagar: Rs 1,980 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Cross Street?

The Sub Registrar Office that covers Rajiv Gandhi Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the buyer is required to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration reflects the appropriate value of the property being transferred.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Cross Street?

The current guideline value of Rajiv Gandhi Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Rajiv Gandhi Cross Street?

Rajiv Gandhi Cross Street is classified as Residential Class I Type - I.

What are the stamp duty rates applicable in Thiruvancheri?

The stamp duty rate applicable in Thiruvancheri is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.