Guideline Value for RAJIVGANDHI STREET (WARD -4)

Rajivgandhi Street (Ward -4) guideline value

The current guideline value of Rajivgandhi Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Rajivgandhi Street (Ward -4) has changed

Over the years, the guideline value for Rajivgandhi Street has seen several revisions. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,600 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,072 per sq.ft, showing a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 1,600 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase.

The register does not contain figures for Rajivgandhi Street for the years 2002, 2003, and 2007.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Rajivgandhi Street's 2024 figure above this median.

• Rajiv Gandhi Nagar Rail Nagar (Ward -2): Rs 660 per sq.ft (2024)
• Ramanayakkan Street (Ward -19): Rs 660 per sq.ft (2024)
• Ramanujar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Ramasamy Padayachiar Salai (Ward -8): Rs 1,320 per sq.ft (2024)
• Rajam Street (Ward -19): Rs 660 per sq.ft (2024)
• Rajaji Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Rajivgandhi Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajivgandhi Street (Ward -4)?

The Sub Registrar Office covering Rajivgandhi Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Kattankollatur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is conducted at a fair value, as it reflects the government's assessment of property worth in the area. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajivgandhi Street (Ward -4)?

The current guideline value of Rajivgandhi Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, a 10% increase. It was Rs 1,072 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification of Rajivgandhi Street (Ward -4)?

Rajivgandhi Street (Ward -4) is classified as Residential Special Type - III under the Chengleput Joint II SRO.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajivgandhi Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.