Guideline Value for RAJIV GANDHI NAGAR HUT AREA

Rajiv Gandhi Nagar Hut Area guideline value

The current guideline value for the Rajiv Gandhi Nagar Hut Area is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Rajiv Gandhi Nagar Hut Area has changed

The guideline value for Rajiv Gandhi Nagar Hut Area has undergone several revisions since 2002. In 2002, the guideline value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a 10% increase. The value saw a more significant rise to Rs 550 per sq.ft in 2007, reflecting a 49% change. By 2012, the guideline value remained at Rs 2,000 per sq.ft, indicating no change during that period. The next revision in 2023 maintained the same value of Rs 2,000 per sq.ft, before increasing to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 555%. Notably, there is no figure recorded for this street in the 2017 revision.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Rajiv Gandhi Nagar Hut Area is below this median.

• Rajiv Gandhi Nagar: Rs 3,200 per sq.ft (2024)
• Rajeswari Street: Rs 4,300 per sq.ft (2024)
• Ramakrishna Mudali 1st Street: Rs 3,800 per sq.ft (2024)
• Ramakrishna Mudali 2nd Street: Rs 3,800 per sq.ft (2024)
• Ramakrishna Mudali Street: Rs 3,800 per sq.ft (2024)
• Rajangam Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Hut Area

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajiv Gandhi Nagar Hut Area?

The Rajiv Gandhi Nagar Hut Area is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Rajiv Gandhi Nagar Hut Area?

The current guideline value for Rajiv Gandhi Nagar Hut Area is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 336 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 555% over the years.

What is the stamp duty rate for property in Rajiv Gandhi Nagar Hut Area?

The stamp duty rate for property in Rajiv Gandhi Nagar Hut Area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajiv Gandhi Nagar Hut Area?

The Sub Registrar Office covering Rajiv Gandhi Nagar Hut Area is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the guideline values of other streets in Perambur?

Other streets in Perambur have varying guideline values, such as Rs 3,200 per sq.ft for Rajiv Gandhi Nagar, Rs 4,300 per sq.ft for Rajeswari Street, and Rs 2,700 per sq.ft for Rajangam Street, among others.