Guideline Value for Rajaji Nagar Extension Ganga Street

Rajaji Nagar Extension Ganga Street guideline value

The current guideline value of Rajaji Nagar Extension Ganga Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Rajaji Nagar Extension Ganga Street has seen several revisions over the years. In 2002, the guideline value was Rs 399 per sq.ft, which increased to Rs 433 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,000 per sq.ft in 2007, and then it further increased to Rs 3,500 per sq.ft in 2012. However, the value decreased to Rs 2,345 per sq.ft in 2017. The guideline value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,800 per sq.ft in 2024.

In terms of percentage changes, from 2017 to 2023, there was a 49% increase. The value dropped by 33% from 2012 to 2017, while it surged by 250% from 2007 to 2012. The increase from 2003 to 2007 was 131%, and from 2002 to 2003, it was 9%. Overall, from 2002 to 2024, the guideline value has increased by 852%. There are no figures available for revisions in years other than those mentioned.

Guideline values in Konnur

Konnur village has 249 streets under the Konnur SRO with a 2024 guideline value range from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, which is the same as the guideline value for Rajaji Nagar Extension Ganga Street.

• Rajaji Nagar Extension Bharathiar Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Gokul Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Balaji Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Jaganathan Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension and Streets: 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 Ganga 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. Together, these fees would total Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Rajaji Nagar Extension Ganga Street?

The Sub Registrar Office that covers Rajaji Nagar Extension Ganga Street is the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Konnur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. This ensures that the government receives the appropriate revenue based on the established guideline value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rajaji Nagar Extension Ganga Street?

The current guideline value of Rajaji Nagar Extension Ganga 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 399 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with several revisions in between, including a drop in 2017.

What is the range of guideline values in Konnur?

The guideline values in Konnur range from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft.

What fees are associated with buying property in Rajaji Nagar Extension Ganga Street?

When buying property, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Rajaji Nagar Extension Ganga Street?

The Sub Registrar Office for this street is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.