Guideline Value for RAJIV GANDHI NAGAR MAYANA PATHAI

Rajiv Gandhi Nagar Mayana Pathai guideline value

The current guideline value of Rajiv Gandhi Nagar Mayana Pathai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. It is classified as Residential Class II Type - III.

How the guideline value of Rajiv Gandhi Nagar Mayana Pathai has changed

As per the register, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Rajiv Gandhi Nagar Mayana Pathai. The most recent revision in 2024 shows the guideline value at Rs 2,200 per sq.ft.

There have been no changes between the revisions above. The most recent guideline value reflects the median of Rs 2,200 per sq.ft for streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Rajiv Gandhi Nagar Mayana Pathai.

• Rajiv Gandhi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• RAJIV GANDHI SALAI 1st CROSS STREET: Rs 5,500 per sq.ft (2024)
• Rajiv Gandhi Nagar 4th Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Rajiv Gandhi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Rajiv Gandhi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Rajiv Gandhi Nagar 1st Street Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Mayana Pathai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Nagar Mayana Pathai?

The Sub Registrar Office covering Rajiv Gandhi Nagar Mayana Pathai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is an essential factor when registering property transactions in Sholinganallur - 1. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in assessing the financial implications of the transaction, including the costs associated with registration and stamp duty based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar Mayana Pathai?

The current guideline value of Rajiv Gandhi Nagar Mayana Pathai is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification of Rajiv Gandhi Nagar Mayana Pathai?

Rajiv Gandhi Nagar Mayana Pathai is classified as Residential Class II Type - III.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1 with the same guideline value of Rs 2,200 per sq.ft include Rajiv Gandhi Nagar 4th Street, Rajiv Gandhi Nagar 4th Cross Street Extension, Rajiv Gandhi Nagar 3rd Street, Rajiv Gandhi Nagar 2nd Street, and Rajiv Gandhi Nagar 1st Street Extension.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Rajiv Gandhi Nagar Mayana Pathai?

Stamp duty for properties in Rajiv Gandhi Nagar Mayana Pathai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.