Guideline Value for RajaGopal Lane

RajaGopal Lane guideline value

The current guideline value of RajaGopal Lane is Rs 2,600 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village, under the Periamet SRO, and is classified as Residential Class III Type - III.

How the guideline value of RajaGopal Lane has changed

Over the years, the guideline value of RajaGopal Lane has seen significant changes. The 2007 revision set the value at Rs 700 per sq.ft, which increased to Rs 2,400 per sq.ft in 2012, marking a remarkable increase of 243%. However, in the 2017 revision, the value dropped to Rs 1,608 per sq.ft, a decrease of 33%. From 2017 to 2023, the value rose sharply to Rs 2,400 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,600 per sq.ft, an 8% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 271%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing RajaGopal Lane's 2024 figure below that median.

• RajaGopal Naicken Street: Rs 2,600 per sq.ft (2024)
• Pumping Station Road: Rs 3,800 per sq.ft (2024)
• Rex Street: Rs 2,500 per sq.ft (2024)
• Sadasiva Pillai Lane / Street: Rs 4,900 per sq.ft (2024)
• Sadasiva Pillai Street: Rs 4,400 per sq.ft (2024)
• Pantheon Road: Rs 18,100 per sq.ft (2024)

Stamp duty and registration fee for property in RajaGopal Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value amounts to Rs 26,00,000. The stamp duty at 7% would be Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, totaling Rs 2,34,000. It is important to note that 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 RajaGopal Lane?

The Sub Registrar Office that covers RajaGopal Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Chindadripet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial aspects of the transaction, such as calculating the stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of RajaGopal Lane?

The current guideline value of RajaGopal Lane is Rs 2,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 700 per sq.ft in 2007 to Rs 2,600 per sq.ft in 2024, reflecting an overall increase of 271% over the years.

What are the stamp duty and registration fees for a property on RajaGopal Lane?

For a property valued at Rs 26,00,000, the stamp duty would be Rs 1,82,000 and the registration fee would be Rs 52,000, totaling Rs 2,34,000.

Which office handles property registrations for RajaGopal Lane?

The Periamet Sub Registrar Office handles property registrations for RajaGopal Lane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for RajaGopal Lane?

RajaGopal Lane is classified as Residential Class III Type - III according to the guideline value register.