Guideline Value for Rajaji Nagar Thenaruvi Street

Rajaji Nagar Thenaruvi Street guideline value

The current guideline value of Rajaji Nagar Thenaruvi Street is Rs 5,500 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 I Type - I.

How the guideline value of Rajaji Nagar Thenaruvi Street has changed

The guideline value for Rajaji Nagar Thenaruvi Street has seen several revisions over the years. In the 2007 revision, the value was Rs 700 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 614%. However, the value decreased to Rs 3,350 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 5,500 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 686%.

Guideline values in Konnur

In Konnur, there are a total of 249 streets under the Konnur SRO carrying a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value of Rajaji Nagar Thenaruvi Street is above this median.

• Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vinayagar Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vengatragava Street: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar Extension Vengateswarar 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)

Stamp duty and registration fee for property in Rajaji Nagar Thenaruvi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajaji Nagar Thenaruvi Street?

The Sub Registrar Office that covers Rajaji Nagar Thenaruvi Street is located at Konnur Sub Registrar Office, Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone. 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 in property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajaji Nagar Thenaruvi Street?

The current guideline value of Rajaji Nagar Thenaruvi Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 686% over the years.

What is the median guideline value for streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft, with Rajaji Nagar Thenaruvi Street being above this median.

What are the stamp duty rates for property in Rajaji Nagar Thenaruvi Street?

The stamp duty rate for property in Rajaji Nagar Thenaruvi Street is 7% of the guideline value or sale price, whichever is higher.

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

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