Guideline Value for Rajagopalan Street Block 35

Rajagopalan Street Block 35 guideline value

The current guideline value for Rajagopalan Street Block 35 is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Residential Class II Type - III.

How the guideline value of Rajagopalan Street Block 35 has changed

The guideline value for Rajagopalan Street Block 35 has seen several revisions over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it then dropped to Rs 3,685 per sq.ft in 2017. The 2023 revision raised it to Rs 5,500 per sq.ft again, and the latest revision in 2024 has increased it further to Rs 6,000 per sq.ft. The register has no figures for the years 2002 and 2003.

In terms of percentage changes, the value increased by 355% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then surged by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has risen by 396%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, making Rajagopalan Street Block 35's 2024 figure above this median.

• Rajagopal Chetty Street: Rs 6,000 per sq.ft (2024)
• Rajabathar Street: Rs 4,100 per sq.ft (2024)
• Raghava Reddy Colony West Street (AN): Rs 7,700 per sq.ft (2024)
• Raghava Reddy Colony East Street (AN): Rs 7,700 per sq.ft (2024)
• Raghava Reddy Colony 4th Street (AN): Rs 7,700 per sq.ft (2024)
• Raghava Reddy Colony 3rd Street (AN): Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopalan Street Block 35

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. 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 Rajagopalan Street Block 35?

The Sub Registrar Office that covers Rajagopalan Street Block 35 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It is the minimum value set by the government for properties, which helps in determining the stamp duty and registration fees during the sale or purchase of a property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties and fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value for Rajagopalan Street Block 35?

The current guideline value for Rajagopalan Street Block 35 is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,210 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 396% over the years.

What is the land classification for Rajagopalan Street Block 35?

Rajagopalan Street Block 35 is classified as Residential Class II Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000, and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles registrations for this area?

The Ashok Nagar Sub Registrar Office handles registrations for Rajagopalan Street Block 35, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.