Guideline Value for Rajaji Nagar Extension Vengatragava Street

Rajaji Nagar Extension Vengatragava Street guideline value

The current guideline value for Rajaji Nagar Extension Vengatragava 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 Vengatragava Street has changed

Over the years, the guideline value for Rajaji Nagar Extension Vengatragava Street has seen significant changes. 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 rose by 95% to Rs 800 per sq.ft in 2007. Following that, there was a substantial increase of 338%, bringing the value to Rs 3,500 per sq.ft in 2012. However, between 2012 and 2017, the guideline value decreased by 33%, resulting in a value of Rs 2,345 per sq.ft. The value then increased by 49% to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

There are no figures available for the revisions in years other than those listed. The overall increase from 2002 to 2024 is 905%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with 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 is the same as the current value for Rajaji Nagar Extension Vengatragava Street.

• Rajaji Nagar Extension Vengateswarar Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vinayagar Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vegavathi Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vegavathi Gate: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vaigai Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Thanigai Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar Extension Vengatragava 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, together totaling 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajaji Nagar Extension Vengatragava Street?

The Sub Registrar Office that covers Rajaji Nagar Extension Vengatragava Street is the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone.

For more information, you can find your SRO.

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 benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property. This value is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Rajaji Nagar Extension Vengatragava Street?

The current guideline value for Rajaji Nagar Extension Vengatragava 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 this period.

What is the land classification for this street?

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

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,42,000.

Where is the Sub Registrar Office located?

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