Guideline Value for Rajaji Nagar Extension Gokul Street

Rajaji Nagar Extension Gokul Street guideline value

The current guideline value of Rajaji Nagar Extension Gokul Street is Rs 3,800 per sq.ft. This street is located in Konnur village, and the relevant Sub Registrar Office (SRO) is Konnur SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Rajaji Nagar Extension Gokul Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 378 per sq.ft. This increased to Rs 410 per sq.ft in 2003, followed by a significant rise to Rs 800 per sq.ft in 2007. The 2012 revision saw the value remain at Rs 3,500 per sq.ft, but it dropped to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft. There are no figures available for the revisions in years not mentioned.

Analyzing the changes between the revisions, the guideline value rose by 8% from 2002 to 2003, then increased by 95% from 2003 to 2007. After a substantial rise of 338% from 2007 to 2012, the value decreased by 33% from 2012 to 2017. There was a notable increase of 49% from 2017 to 2023, followed by a 9% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 905%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, which matches the current value for Rajaji Nagar Extension Gokul Street.

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

Stamp duty and registration fee for property in Rajaji Nagar Extension Gokul 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, and the registration fee at 2% would be Rs 76,000. Together, the total fees would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Rajaji Nagar Extension Gokul Street?

The Sub Registrar Office that covers Rajaji Nagar Extension Gokul 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the established rates for the area.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for legal documentation and ensures compliance with local regulations during the transfer of property ownership.

Frequently asked questions

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

The current guideline value of Rajaji Nagar Extension Gokul 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, reflecting an overall increase of 905% over this period.

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

The land classification for Rajaji Nagar Extension Gokul Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

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, a 1,000 sq.ft plot at the current rate would have total fees of Rs 3,42,000.