Guideline Value for Rajagopalan Cross Street

Rajagopalan Cross Street guideline value

The current guideline value of Rajagopalan Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajagopalan Cross Street has changed

Over the years, the guideline value of Rajagopalan Cross Street has seen significant changes. In 2002, the guideline value was Rs 179 per sq.ft. This increased to Rs 201 per sq.ft in 2003, marking a 12% rise. The value then surged dramatically to Rs 1,200 per sq.ft in 2007, reflecting a 497% increase. By 2012, the figure was Rs 2,500 per sq.ft, which was an increase of 108% from the previous revision. However, the value decreased by 33% to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 saw a rise to Rs 2,500 per sq.ft, followed by the current value of Rs 2,800 per sq.ft in 2024, which is a 12% increase.

There are no figures available for the revisions in the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 1464%.

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, with the median being Rs 2,800 per sq.ft. Rajagopalan Cross Street's 2024 figure is equal to this median.

• Rajagopal Street: Rs 2,800 per sq.ft (2024)
• Rajaji Street: Rs 2,200 per sq.ft (2024)
• Radha Nagar - All streets: Rs 2,800 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)
• Rajarajeshwari Nagar Main Road: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopalan Cross 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, bringing the total cost to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajagopalan Cross Street?

The Sub Registrar Office that covers Rajagopalan Cross 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 more details.

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

When buying or selling property in Ullagaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is used as a benchmark to calculate the charges applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Ensuring that the transaction is registered at the correct guideline value can help avoid any legal complications in the future.

Frequently asked questions

What is the current guideline value of Rajagopalan Cross Street?

The current guideline value of Rajagopalan Cross 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 changed significantly from Rs 179 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1464% over the years.

What is the land classification for Rajagopalan Cross Street?

Rajagopalan Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where is the Sub Registrar Office located for Rajagopalan Cross Street?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.