Guideline Value for RAJIV GANDHI NAGAR - Arjunana Street

RAJIV GANDHI NAGAR - Arjunana Street guideline value

The current guideline value of RAJIV GANDHI NAGAR - Arjunana Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of RAJIV GANDHI NAGAR - Arjunana Street has changed

The guideline value for RAJIV GANDHI NAGAR - Arjunana Street has seen several revisions over the years. In 2002, the guideline value was Rs 150 per sq.ft. This increased to Rs 165 per sq.ft in 2003, marking a 10% rise. The value then experienced a significant jump to Rs 325 per sq.ft in 2007, which was an increase of 97%. By 2012, the value was Rs 3,000 per sq.ft, reflecting an 823% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 2,010 per sq.ft, a decline of 33%. However, the value surged again to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2,100%.

Guideline values in Nesapakkam

Nesapakkam has a total of 148 streets under the Virugambakkam SRO with 2024 guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which aligns with the guideline value of RAJIV GANDHI NAGAR - Arjunana Street.

• RAJIV GANDHI NAGAR - Arunachalam Street: Rs 3,300 per sq.ft (2024)
• RAJIV GANDHI NAGAR - Ganesan Street: Rs 3,300 per sq.ft (2024)
• RAJIV GANDHI NAGAR - Jawaharlal Nehru Street: Rs 3,300 per sq.ft (2024)
• RAJIV GANDHI NAGAR - Mahendravarman Street: Rs 3,300 per sq.ft (2024)
• RAJIV GANDHI NAGAR - Moovendar Cross Street: Rs 3,300 per sq.ft (2024)
• RAJIV GANDHI NAGAR - Moovendar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR - Arjunana Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAJIV GANDHI NAGAR - Arjunana Street?

The Sub Registrar Office that covers RAJIV GANDHI NAGAR - Arjunana Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nesapakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When you proceed with a property transaction, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and compliance with local regulations, safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI NAGAR - Arjunana Street?

The current guideline value of RAJIV GANDHI NAGAR - Arjunana Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 2,100% over the years.

What is the land classification for RAJIV GANDHI NAGAR - Arjunana Street?

The land classification for RAJIV GANDHI NAGAR - Arjunana Street is Residential Class II Type - I.

Which Sub Registrar Office handles registrations for this street?

The Virugambakkam Sub Registrar Office handles registrations for RAJIV GANDHI NAGAR - Arjunana Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values of other streets in Nesapakkam?

Other streets in Nesapakkam under the Virugambakkam SRO have guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft, with the median value being Rs 3,300 per sq.ft.