Guideline Value for Rajagopal Street

Rajagopal Street guideline value

The current guideline value of Rajagopal Street in Ullagaram village is Rs 2,800 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Alandur SRO and is classified as Residential Class II Type - I.

How the guideline value of Rajagopal Street has changed

The guideline value for Rajagopal Street has seen several revisions over the years. In the 2002 revision, the value was Rs 211 per sq.ft, which increased to Rs 237 per sq.ft in 2003. Following this, the value surged significantly to Rs 1,200 per sq.ft in 2007, marking a 406% increase. The 2012 revision saw a slight decrease to Rs 2,500 per sq.ft, which was a drop of 33%. However, the value rebounded to Rs 1,675 per sq.ft in 2017, reflecting a 49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, which then increased by 12% to the current Rs 2,800 per sq.ft in 2024.

There are no figures available for the revisions prior to 2002 or any years not listed in the register. Overall, from 2002 to 2024, the guideline value has increased by 1227%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which is the same as the current guideline value for Rajagopal Street.

• Rajagopalan Cross Street: Rs 2,800 per sq.ft (2024)
• Rajaji Street: Rs 2,200 per sq.ft (2024)
• Rajamani First Cross Street: Rs 2,800 per sq.ft (2024)
• Rajamani Street Main: Rs 2,800 per sq.ft (2024)
• Radha Nagar - All streets: Rs 2,800 per sq.ft (2024)
• Rajarajeshwari Nagar Main Road: Rs 3,900 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 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total charges Rs 2,52,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Rajagopal Street?

The Sub Registrar Office that covers Rajagopal Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a crucial aspect when buying or selling property in Ullagaram. It serves as the benchmark for calculating the stamp duty and registration fees, which are mandatory during the registration process. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the sale price or the guideline value, whichever is higher, is taken into account for determining the applicable duties and fees. Therefore, understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Rajagopal Street?

The current guideline value of Rajagopal Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 211 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1227% over the years.

What is the classification of Rajagopal Street?

Rajagopal Street is classified as Residential Class II Type - I under the Alandur SRO.

Where can I find the registration office for Rajagopal Street?

The registration office for Rajagopal Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Rajagopal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value incurs a total charge of Rs 2,52,000 for stamp duty and registration fees combined.