Guideline Value for Rajangkuppam Salai

Rajangkuppam Salai guideline value

The current guideline value of Rajangkuppam Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Special Type - II.

How the guideline value of Rajangkuppam Salai has changed

The guideline value for Rajangkuppam Salai has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision sets the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with 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, and Rajangkuppam Salai's current figure is above this median.

• Rajangkuppam Perumal Koil Street: Rs 1,400 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 Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is essential 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 personalized calculations.

Which Sub Registrar Office covers Rajangkuppam Salai?

The Sub Registrar Office that covers Rajangkuppam Salai is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role in property transactions in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is often referenced to ascertain the minimum value for taxation purposes. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajangkuppam Salai?

The current guideline value of Rajangkuppam Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Rajangkuppam Salai?

Rajangkuppam Salai is classified as Residential Special Type - II, indicating its designation for residential purposes.

What is the median guideline value for streets in 44.Ayanambakkam?

The median guideline value for streets in 44.Ayanambakkam is Rs 1,300 per sq.ft, with Rajangkuppam Salai's value being above this median.

Where can I find more information about stamp duty and registration fees?

For detailed calculations regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.