Guideline Value for Rajaji Nagar Extension Parthiban Street

Rajaji Nagar Extension Parthiban Street guideline value

The current guideline value of Rajaji Nagar Extension Parthiban 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, classified as Residential Class II Type - I.

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

The guideline value for Rajaji Nagar Extension Parthiban Street has undergone 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. By 2007, the value saw a significant jump to Rs 800 per sq.ft, which was a 95% increase from the previous year. The guideline value then rose dramatically to Rs 3,500 per sq.ft in 2012, reflecting a 338% increase. However, by 2017, it decreased to Rs 2,345 per sq.ft, a decline of 33% from the 2012 figure.

In the subsequent years, the value increased again, reaching Rs 3,500 per sq.ft in 2023, which was a 49% increase from the 2017 revision. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, a 9% increase from 2023. The overall change from 2002 to 2024 shows an increase of 905% in the guideline value.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO with a 2024 guideline value 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, making the guideline value for Rajaji Nagar Extension Parthiban Street equal to this median.

• Rajaji Nagar Extension Palani Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Petter Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Muthu Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Ponni Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Murali Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Rathina Avenue: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar Extension Parthiban 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, bringing the total to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Nagar Extension Parthiban Street?

The Rajaji Nagar Extension Parthiban Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, 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 an essential factor in the registration process when buying or selling property in Konnur. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Rajaji Nagar Extension Parthiban 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 significantly from Rs 378 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 905% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,42,000.

Which Sub Registrar Office is responsible for Rajaji Nagar Extension Parthiban Street?

The Konnur Sub Registrar Office covers Rajaji Nagar Extension Parthiban Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

Rajaji Nagar Extension Parthiban Street is classified as Residential Class II Type - I under the Konnur SRO.