Guideline Value for Rajaji Nagar Extension Jaganathan Street

Rajaji Nagar Extension Jaganathan Street guideline value

The current guideline value of Rajaji Nagar Extension Jaganathan Street is Rs 3,800 per sq.ft. 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 Jaganathan Street has changed

The guideline value for Rajaji Nagar Extension Jaganathan Street has seen several revisions over the years. In 2002, the guideline value was Rs 378 per sq.ft. This increased to Rs 410 per sq.ft in 2003, marking an 8% rise. The value then saw a significant jump to Rs 800 per sq.ft in 2007, which was a 95% increase. In 2012, the value was Rs 3,500 per sq.ft, reflecting a substantial 338% increase from the previous revision. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 3,500 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, representing a 9% increase from the previous year.

There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value 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 Jaganathan Street.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total cost for these fees 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Nagar Extension Jaganathan Street?

The Sub Registrar Office that covers Rajaji Nagar Extension Jaganathan 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Konnur. It is used as a benchmark for determining the value of properties during registration. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

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

The current guideline value of Rajaji Nagar Extension Jaganathan 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 several times, starting from Rs 378 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting significant fluctuations in the values over the years.

What is the stamp duty for properties in Rajaji Nagar Extension Jaganathan Street?

The stamp duty for properties in Rajaji Nagar Extension Jaganathan Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rajaji Nagar Extension Jaganathan Street located?

The Sub Registrar Office for Rajaji Nagar Extension Jaganathan Street is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

Rajaji Nagar Extension Jaganathan Street is classified as Residential Class II Type - I, which is important for understanding the zoning regulations and permissible uses for the property.