Guideline Value for Rajiniganth Nagar

Rajiniganth Nagar guideline value

The current guideline value of Rajiniganth Nagar, located in Irumpedu village under the Sriperumpudur SRO, is Rs 250 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Rajiniganth Nagar has changed

Over the years, the guideline value of Rajiniganth Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a significant change, with the value increasing to Rs 167 per sq.ft, representing a 50% increase from the previous revision. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, the overall change is 0%. The most recent revision in 2024 maintains the value at Rs 250 per sq.ft, showing no change from the previous year.

Guideline values in Irumpedu

In Irumpedu, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Rajiniganth Nagar above this median.

• Perumal Koil Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Arun Nagar: Rs 250 per sq.ft (2024)
• Achari Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiniganth Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiniganth Nagar?

The Sub Registrar Office that covers Rajiniganth Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is essential during the registration of property transactions in Irumpedu. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government. This process helps maintain transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Rajiniganth Nagar?

The current guideline value of Rajiniganth Nagar is Rs 250 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft in 2024, which is the same as in 2023. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the other streets in Irumpedu and their guideline values?

Other streets in Irumpedu include Perumal Koil Street at Rs 110 per sq.ft, Nadu Street at Rs 110 per sq.ft, Sri Kamatchi Nagar at Rs 250 per sq.ft, Bajanai Koil Street at Rs 150 per sq.ft, Arun Nagar at Rs 250 per sq.ft, and Achari Street at Rs 100 per sq.ft.

How is stamp duty calculated for properties in Rajiniganth Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.

Where can I find the Sub Registrar Office for Rajiniganth Nagar?

The Sub Registrar Office for Rajiniganth Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.