Guideline Value for Raja Gopal Ayyangar Street

Raja Gopal Ayyangar Street guideline value

The current guideline value of Raja Gopal Ayyangar Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Raja Gopal Ayyangar Street has changed

The guideline value for Raja Gopal Ayyangar Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, in 2017, it dropped to Rs 804 per sq.ft. The value rose significantly to Rs 1,200 per sq.ft in 2023 and has now increased to Rs 1,320 per sq.ft in the 2024 revision. The changes between these revisions include a 100% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that the guideline value register does not have figures for Raja Gopal Ayyangar Street for the years 2002 and 2003.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Raja Gopal Ayyangar Street is below this median.

• Rajagopal Street: Rs 2,200 per sq.ft (2024)
• Rail Nagar: Rs 1,320 per sq.ft (2024)
• Rail 4th Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 3rd Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 1st Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Gopal Ayyangar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. 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 further assistance.

Which Sub Registrar Office covers Raja Gopal Ayyangar Street?

The Sub Registrar Office that covers Raja Gopal Ayyangar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration laws.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Raja Gopal Ayyangar Street?

The current guideline value of Raja Gopal Ayyangar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification for Raja Gopal Ayyangar Street?

The land classification for Raja Gopal Ayyangar Street is Residential Class I Type - III.

Where is the Sub Registrar Office for Raja Gopal Ayyangar Street located?

The Sub Registrar Office for Raja Gopal Ayyangar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.