Guideline Value for RajiGandhi Cross St

RajiGandhi Cross St guideline value

The current guideline value of RajiGandhi Cross St in Peerklankaranai village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of RajiGandhi Cross St has changed

The guideline value for RajiGandhi Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. However, the 2023 revision increased it to Rs 800 per sq.ft again, followed by a further increase to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. RajiGandhi Cross St's 2024 figure is below this median.

• RajivGandhi St: Rs 2,200 per sq.ft (2024)
• Rajkamal 2nd Cross st: Rs 1,650 per sq.ft (2024)
• Rajkamal cement Road: Rs 1,650 per sq.ft (2024)
• Rajkamal Cross Street: Rs 1,650 per sq.ft (2024)
• Rajkamal Street: Rs 1,650 per sq.ft (2024)
• Ramalingam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in RajiGandhi Cross St

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 further calculations.

Which Sub Registrar Office covers RajiGandhi Cross St?

The RajiGandhi Cross St is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It determines the stamp duty and registration fees that buyers must pay, ensuring that these costs are based on an official valuation rather than the sale price alone.

When a property is sold, the guideline value serves as a benchmark that helps in calculating the necessary fees and taxes. Buyers should be aware that these values are subject to periodic revisions, which can affect the overall cost of property transactions.

Frequently asked questions

What is the current guideline value of RajiGandhi Cross St?

The current guideline value of RajiGandhi Cross St is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for RajiGandhi Cross St?

RajiGandhi Cross St is classified as Residential Class II Type - II.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for RajiGandhi Cross St?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for RajiGandhi Cross St, located at No.26, Mes Road, East Tambaram, Chennai-600059.