Guideline Value for Rajaji Nagar Extension Thanigai Street

Rajaji Nagar Extension Thanigai Street guideline value

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

The guideline value for Rajaji Nagar Extension Thanigai Street has seen several revisions over the years. In 2002, the value was Rs 378 per sq.ft, which increased to Rs 410 per sq.ft in 2003. Following that, the value rose significantly to Rs 800 per sq.ft in 2007. However, it then saw a decrease to Rs 3,500 per sq.ft in 2012. The value again fell to Rs 2,345 per sq.ft in 2017, before increasing to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft.

Between the revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 338% increase from 2007 to 2012. Overall, from 2002 to 2024, the guideline value has increased by 905%. The register has no figure for the years not mentioned.

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, with the median being Rs 3,800 per sq.ft. Rajaji Nagar Extension Thanigai Street's 2024 guideline value aligns with this median.

• Rajaji Nagar Extension Subramaniam Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vaigai Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Subash Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vegavathi Gate: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Sivan Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vegavathi Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar Extension Thanigai 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, bringing the total cost for these fees 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. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Nagar Extension Thanigai Street?

The Sub Registrar Office that covers Rajaji Nagar Extension Thanigai 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 when registering property transactions in Konnur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction. The fees are calculated based on this value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

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 registrations for Rajaji Nagar Extension Thanigai Street?

The Konnur Sub Registrar Office handles registrations for Rajaji Nagar Extension Thanigai Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for assessing the value of the property being registered.