Guideline Value for RAJIV NAGAR IST CROSS STREET

Rajiv Nagar Ist Cross Street guideline value

The current guideline value of Rajiv Nagar Ist 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, and is classified as Residential Class II Type - II.

How the guideline value of Rajiv Nagar Ist Cross Street has changed

The guideline value for Rajiv Nagar Ist Cross Street has seen several revisions over the years. In 2002, the value was Rs 155 per sq.ft, which increased to Rs 175 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,189 per sq.ft in 2007, and then to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of 2024.

From the 2017 to 2023 revision, there was a 49% increase. The 2023 to 2024 revision reflects a 10% increase. The largest jump occurred from 2003 to 2007, with a 579% increase. Overall, from 2002 to 2024, the guideline value has increased by 2029%.

Guideline values in Perungudi

In Perungudi, 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 guideline value is Rs 3,300 per sq.ft, which matches the current value of Rajiv Nagar Ist Cross Street.

• Rajiv Nagar Ist Main Road: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar Extention 1 And 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar Annexe: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Rajiv Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Nagar Ist 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 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.

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

Which Sub Registrar Office covers Rajiv Nagar Ist Cross Street?

The Sub Registrar Office that covers Rajiv Nagar Ist 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. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential reference for property transactions in Perungudi. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring compliance with the guideline value helps avoid legal issues during the registration process.

Frequently asked questions

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

The current guideline value of Rajiv Nagar Ist 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 changed from Rs 155 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2029% over this period.

What is the land classification for Rajiv Nagar Ist Cross Street?

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

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 the stamp duty calculated for properties in Rajiv Nagar Ist Cross Street?

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