Guideline Value for Rajangkuppam Perumal Koil Street

Rajangkuppam Perumal Koil Street guideline value

The current guideline value of Rajangkuppam Perumal Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Rajangkuppam Perumal Koil Street has changed

The guideline value for Rajangkuppam Perumal Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 1,400 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 61%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, placing Rajangkuppam Perumal Koil Street above this median.

• Rajangkuppam Salai: Rs 2,200 per sq.ft (2024)
• Rajankuppam Yadava street: Rs 1,400 per sq.ft (2024)
• Rajiv Ganthi Nagar: Rs 880 per sq.ft (2024)
• Pooja Avenue: Rs 1,700 per sq.ft (2024)
• Rani Anna Nagar: Rs 880 per sq.ft (2024)
• Ponniamman Nagar Salai: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajangkuppam Perumal Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajangkuppam Perumal Koil Street?

The Sub Registrar Office covering Rajangkuppam Perumal Koil Street is the Konnur Sub Registrar Office, located at 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 44.Ayanambakkam

The guideline value is a crucial factor in the registration process of property transactions in 44.Ayanambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that all property transactions are conducted in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value of Rajangkuppam Perumal Koil Street?

The current guideline value of Rajangkuppam Perumal Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 61% over this period.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, with Rajangkuppam Perumal Koil Street's value being above this median.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,26,000.

Which office handles the registration for Rajangkuppam Perumal Koil Street?

The Konnur Sub Registrar Office handles the registration for Rajangkuppam Perumal Koil Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.