Guideline Value for Rajagopal Nagar

Rajagopal Nagar guideline value

The current guideline value of Rajagopal Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Rajagopal Nagar has changed

The guideline value for Rajagopal Nagar has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. Following this, the value rose to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The revisions from 2002 and 2003 have no figures listed for this street in the register.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, placing Rajagopal Nagar's 2024 figure above this median.

• Pulikkoradu Road: Rs 1,650 per sq.ft (2024)
• Ramathilagam Nagar: Rs 880 per sq.ft (2024)
• Ramesh Nagar: Rs 1,320 per sq.ft (2024)
• Ramesh Nagar 1st street: Rs 1,320 per sq.ft (2024)
• Ramesh Nagar 2nd street: Rs 1,320 per sq.ft (2024)
• Ramesh Nagar 3rd street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Nagar

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

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

Which Sub Registrar Office covers Rajagopal Nagar?

The Sub Registrar Office that covers Rajagopal Nagar 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Pulikoradu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajagopal Nagar?

The current guideline value of Rajagopal Nagar 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 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification of Rajagopal Nagar?

Rajagopal Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Rajagopal Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total charges would be Rs 1,18,800.

Where can I find the Sub Registrar Office for Rajagopal Nagar?

The Sub Registrar Office for Rajagopal Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.