Guideline Value for RAJIV GANDHI STREET

Rajiv Gandhi Street guideline value

The current guideline value of Rajiv Gandhi Street in Navaloor village, under the Thiruporur SRO, is Rs 1,400 per sq.ft as per the 2023 revision. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Rajiv Gandhi Street has changed

The guideline value of Rajiv Gandhi Street has seen several revisions over the years. The earliest available revision is from 2007, where the guideline value was Rs 475 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking an increase of 111%. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 set the guideline value at Rs 1,400 per sq.ft, reflecting a significant increase of 109% from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 195%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Rajiv Gandhi Street.

Guideline values in Navaloor

Currently, there are no other specific guideline values provided for streets in Navaloor. Rajiv Gandhi Street is the only street mentioned under the Thiruporur SRO.

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 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total charges to Rs 1,26,000. It is essential 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 details.

Which Sub Registrar Office covers Rajiv Gandhi Street?

The Sub Registrar Office that covers Rajiv Gandhi Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Navaloor, the guideline value plays a crucial role during the registration process. The guideline value is used to determine the stamp duty and registration fees that are applicable, ensuring that the transaction is legally compliant.

It is important to be aware that the guideline value may differ from the sale price. The duty is calculated based on the higher of the two values, which can impact the overall costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Street?

The current guideline value of Rajiv Gandhi Street is Rs 1,400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, reflecting an overall increase of 195% over the years.

What is the stamp duty rate for properties in Rajiv Gandhi Street?

The stamp duty rate for properties in Rajiv Gandhi Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Navaloor with guideline values?

Currently, there are no other streets in Navaloor with specified guideline values. Rajiv Gandhi Street is the only street mentioned under the Thiruporur SRO.