Guideline Value for Rajagopal Street

Rajagopal Street guideline value

The current guideline value of Rajagopal Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Rajagopal Street has changed

The guideline value for Rajagopal Street has undergone several revisions over the years. In 2002, the value was Rs 498 per sq.ft, which increased to Rs 613 per sq.ft in 2003, marking a 23% rise. The value saw a further increase of 22% to reach Rs 750 per sq.ft in 2007. Following this, there was a significant jump of 433% to Rs 4,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 2,680 per sq.ft in 2017. The subsequent revisions saw an increase to Rs 4,000 per sq.ft in 2023, followed by a 10% rise to the current value of Rs 4,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 784%. It is important to note that there are no figures available for the years not listed in the register for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, and Rajagopal Street's 2024 figure is above this median.

• Rajaji Road/Street: Rs 6,600 per sq.ft (2024)
• Rajaji Street 1st Lane: Rs 4,400 per sq.ft (2024)
• Rajaji Street 2nd Lane: Rs 4,400 per sq.ft (2024)
• Rajaji Street 3rd Land: Rs 4,400 per sq.ft (2024)
• Rajammal Avenue: Rs 2,200 per sq.ft (2024)
• Raja Nagar Lay out: 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Tambaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value set by the authorities. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rajagopal Street?

The current guideline value of Rajagopal Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 498 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 784% over the years.

What is the land classification for Rajagopal Street?

Rajagopal Street is classified as Residential Special Type - II under the Tambaram Joint 1 SRO.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Rajagopal Street located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.