Guideline Value for RAJIV NAGAR IST MAIN ROAD

Rajiv Nagar Ist Main Road guideline value

The current guideline value of Rajiv Nagar Ist Main Road 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 Main Road has changed

The guideline value for Rajiv Nagar Ist Main Road 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. The following revisions were significant, with the value rising to Rs 1,189 per sq.ft in 2007, then to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017, before increasing again to Rs 3,000 per sq.ft in 2023, and finally reaching Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 was 10%. Notably, the value increased by 152% from 2007 to 2012, and there was a remarkable rise of 579% from 2003 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 2029%. There are no figures available for any other years for this street.

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 value of these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Rajiv Nagar Ist Main Road.

• Rajiv Nagar Ist Cross Street: 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 Main Road

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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Nagar Ist Main Road?

The Sub Registrar Office that covers Rajiv Nagar Ist Main Road 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 information.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajiv Nagar Ist Main Road?

The current guideline value of Rajiv Nagar Ist Main Road 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 the years.

What is the land classification for Rajiv Nagar Ist Main Road?

Rajiv Nagar Ist Main Road is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

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