Guideline Value for Rajiv Gandhi Nagar 10th Street

Rajiv Gandhi Nagar 10th Street guideline value

The current guideline value of Rajiv Gandhi Nagar 10th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Rajiv Gandhi Nagar 10th Street has changed

The guideline value for Rajiv Gandhi Nagar 10th Street has seen several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, and the guideline value of Rajiv Gandhi Nagar 10th Street is above this median.

• Rajiv Gandhi Nagar 11th Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 12th Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 4th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value is Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Rajiv Gandhi Nagar 10th Street?

The Rajiv Gandhi Nagar 10th Street falls under the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and that the government collects the necessary taxes on property sales.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar 10th Street?

The current guideline value of Rajiv Gandhi Nagar 10th Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally set at Rs 2,400 per sq.ft in 2024.

What is the land classification for Rajiv Gandhi Nagar 10th Street?

Rajiv Gandhi Nagar 10th Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Rajiv Gandhi Nagar 10th Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar 10th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000, leading to specific fees based on that value.