Guideline Value for Rajaji Nagar Extension Bharathiar Street

Rajaji Nagar Extension Bharathiar Street guideline value

The current guideline value for Rajaji Nagar Extension Bharathiar Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Rajaji Nagar Extension Bharathiar Street has changed

The guideline value for Rajaji Nagar Extension Bharathiar Street has seen several revisions over the years. Starting from Rs 378 per sq.ft in 2002, it increased to Rs 410 per sq.ft in 2003. By 2007, the value rose significantly to Rs 800 per sq.ft, marking an increase of 95%. In 2012, the value remained the same at Rs 3,500 per sq.ft, but then dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value was revised to Rs 3,500 per sq.ft in 2023 and then increased to Rs 3,800 per sq.ft in 2024, reflecting a 9% rise.

Overall, from 2002 to 2024, the guideline value has increased by 905%. There are no figures available for the revisions in the years not listed above.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, which is equal to the current guideline value of Rajaji Nagar Extension Bharathiar Street.

• Rajaji Nagar Extension Balaji Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Ganga Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension and Streets: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Gokul Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Jaganathan Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Kalamegam Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar Extension Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Nagar Extension Bharathiar Street?

The Sub Registrar Office that covers Rajaji Nagar Extension Bharathiar Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded and compliant with local regulations.

When a property is bought or sold, the guideline value helps in assessing the financial obligations of both the buyer and the seller. It is essential to be aware of the current guideline value to ensure that all fees are calculated accurately and to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value for Rajaji Nagar Extension Bharathiar Street?

The current guideline value for Rajaji Nagar Extension Bharathiar Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 378 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 905% over this period.

What is the land classification for Rajaji Nagar Extension Bharathiar Street?

Rajaji Nagar Extension Bharathiar Street is classified as Residential Class II Type - I.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,00,000, the total fees would include stamp duty at 7% and registration fee at 2%.