Guideline Value for Rajeev Nagar

Rajeev Nagar guideline value

The current guideline value of Rajeev Nagar, located in Kayirambedu village, is Rs 700 per sq.ft. This value is effective from the 2024 revision and is classified under Residential Special Type - II in the Chengleput Joint II SRO.

How the guideline value of Rajeev Nagar has changed

In the 2007 revision, the guideline value for Rajeev Nagar was Rs 210 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 469 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 700 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 233%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value among these streets is Rs 700 per sq.ft, which is equal to the current guideline value of Rajeev Nagar.

• Rajeswari Nagar: Rs 2,986 per sq.ft (2024)
• Ragavendra Nagar: Rs 700 per sq.ft (2024)
• Ram Nagar: Rs 700 per sq.ft (2024)
• Purva Soukhyam Phase-M: Rs 1,600 per sq.ft (2024)
• Purva Soukhyam Phase-C: Rs 1,600 per sq.ft (2024)
• Pugazh Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeev Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeev Nagar?

The Sub Registrar Office covering Rajeev Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kayirambedu

The guideline value is a crucial aspect during property transactions in Kayirambedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajeev Nagar?

The current guideline value of Rajeev Nagar is Rs 700 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 210 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Rajeev Nagar?

Rajeev Nagar is classified under Residential Special Type - II in the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Rajeev Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would amount to Rs 63,000.

Which office handles registrations for Rajeev Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Rajeev Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.