Guideline Value for Rajagopal Street

Rajagopal Street guideline value

The current guideline value of Rajagopal Street in Kadaperi village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajagopal Street has changed

The guideline value for Rajagopal Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 has further increased the value to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It's important to note that there are no recorded figures for Rajagopal Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry 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. Rajagopal Street's 2024 guideline value is above this median.

• Raja Gopal Ayyangar Street: Rs 1,320 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 Rajagopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total costs together to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajagopal Street?

The Sub Registrar Office that covers Rajagopal 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Kadaperi, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

Additionally, buyers and sellers should be aware that the guideline value may vary from street to street within the same locality, impacting the overall costs associated with property registration. Thus, it is essential to check the latest guideline values before proceeding with any real estate transactions.

Frequently asked questions

What is the current guideline value of Rajagopal Street?

The current guideline value of Rajagopal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the guideline values of other streets in Kadaperi?

Other streets in Kadaperi have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with the median being Rs 1,650 per sq.ft. Rajagopal Street's value is above this median.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Rajagopal Street located?

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