Guideline Value for Rajagopal Street

Rajagopal Street guideline value

The current guideline value of Rajagopal Street in Porur village, under the Kunrathur SRO, is Rs 4,290 per sq.ft, effective from 1 July 2024. The land classification for this street is Mixed Special Type - II.

How the guideline value of Rajagopal Street has changed

The guideline value of Rajagopal Street has seen significant changes over the years. In 2002, the value was Rs 593 per sq.ft. This increased to Rs 657 per sq.ft in 2003, marking an 11% rise. The value continued to grow, reaching Rs 1,000 per sq.ft in 2007, which was a substantial increase of 52%. The next revision in 2012 saw the value remain at Rs 3,900 per sq.ft, reflecting a decrease of 33% from the previous revision.

From 2012 to 2017, the guideline value increased to Rs 2,613 per sq.ft. There was a significant jump to Rs 3,900 per sq.ft in 2023, followed by the most recent revision in 2024, which set the current value at Rs 4,290 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 623%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, placing Rajagopal Street's 2024 figure above this median.

• Present Avenue: Rs 3,960 per sq.ft (2024)
• Poothapedu School Street: Rs 4,950 per sq.ft (2024)
• Ramakrishna Main Road: Rs 3,520 per sq.ft (2024)
• Poothapedu Main Road (Highways): Rs 4,950 per sq.ft (2024)
• Poothapedu Burial Ground Road: Rs 3,520 per sq.ft (2024)
• Ramakrishnan 1st Street: Rs 3,520 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 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total fees to Rs 3,86,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official valuation of the property. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Rajagopal Street?

The current guideline value of Rajagopal Street is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 593 per sq.ft in 2002 to Rs 4,290 per sq.ft in 2024, reflecting an overall increase of 623% over the years.

What is the land classification for Rajagopal Street?

Rajagopal Street is classified as Mixed Special Type - II.

What are the stamp duty rates for properties in Rajagopal Street?

The stamp duty for properties in Rajagopal Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Rajagopal Street located?

The Sub Registrar Office for Rajagopal Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.