Guideline Value for RAJIV NAGAR 4TH CROSS STREET

Rajiv Nagar 4th Cross Street guideline value

The current guideline value of Rajiv Nagar 4th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Rajiv Nagar 4th Cross Street has changed

The guideline value for Rajiv Nagar 4th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 155 per sq.ft. This increased to Rs 600 per sq.ft in 2003, marking a significant rise of 287%. The value continued to rise, reaching Rs 1,189 per sq.ft in 2007, which was an increase of 98%. However, between 2007 and 2012, the value decreased to Rs 3,000 per sq.ft, reflecting a drop of 33%. The subsequent revision in 2017 saw the value rise to Rs 2,010 per sq.ft, an increase of 49% from the previous figure.

In 2023, the guideline value was revised to Rs 3,000 per sq.ft, and then it increased to Rs 3,300 per sq.ft in 2024, representing a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 2029%.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 guideline value of Rajiv Nagar 4th Cross Street.

• Rajiv Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar Annexe: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar Extension 1 And 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar Ist Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Nagar 4th Cross Street?

The Sub Registrar Office that covers Rajiv Nagar 4th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Perungudi, as it serves as a benchmark for determining the stamp duty and registration fees. When a property is bought or sold, the guideline value is used to calculate these charges, ensuring that they are based on an official valuation rather than an arbitrary figure.

Frequently asked questions

What is the current guideline value of Rajiv Nagar 4th Cross Street?

The current guideline value of Rajiv Nagar 4th Cross 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 increased from Rs 155 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2029% over the years.

What is the land classification for Rajiv Nagar 4th Cross Street?

Rajiv Nagar 4th Cross Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Rajiv Nagar 4th Cross Street?

The Sub Registrar Office covering Rajiv Nagar 4th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Rajiv Nagar 4th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.