Guideline Value for Rajaji Nagar Extension Roghini Street

Rajaji Nagar Extension Roghini Street guideline value

The current guideline value of Rajaji Nagar Extension Roghini 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 Roghini Street has changed

Over the years, the guideline value of Rajaji Nagar Extension Roghini Street has seen significant changes. The earliest recorded figure is from 2002 at Rs 378 per sq.ft. This increased to Rs 410 per sq.ft in 2003, marking an 8% rise. By 2007, the value surged to Rs 800 per sq.ft, reflecting a 95% increase. The 2012 revision saw the value rise to Rs 3,500 per sq.ft, which was a substantial 338% increase from the previous revision. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decline of 33% from 2012. In 2023, the guideline value was Rs 3,500 per sq.ft, and the latest revision in 2024 has set it at Rs 3,800 per sq.ft, representing a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 905%. There are no figures available for the revisions in years other than those mentioned.

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 value is Rs 3,800 per sq.ft, which is equal to the guideline value of Rajaji Nagar Extension Roghini Street.

• Rajaji Nagar Extension Rathina Avenue: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Sivan Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Ponni Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Subash Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Petter Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Subramaniam Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar Extension Roghini 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, the total cost for stamp duty and registration fee would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rajaji Nagar Extension Roghini Street?

The Sub Registrar Office covering Rajaji Nagar Extension Roghini Street is 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 a crucial factor during the registration process of property transactions in Konnur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official value of the property. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

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

The current guideline value of Rajaji Nagar Extension Roghini 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?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles property registration in Konnur?

The Konnur Sub Registrar Office handles property registration in Konnur, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

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