Guideline Value for Rajiv Gandhi Nagar 3rd street

Rajiv Gandhi Nagar 3rd street guideline value

The current guideline value of Rajiv Gandhi Nagar 3rd street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Rajiv Gandhi Nagar 3rd street has changed

The guideline value for Rajiv Gandhi Nagar 3rd street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,200 per sq.ft. This value decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision and further rose to Rs 1,300 per sq.ft in the 2024 revision.

Between the 2012 revision and the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from the 2012 revision to the 2024 revision shows an increase of 8%. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that Rajiv Gandhi Nagar 3rd street's 2024 figure is below this median.

• Rajiv Gandhi Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Rajiv Gandhi Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Rajiv Gandhi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Rajiv Gandhi Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Rajavelu Street: Rs 2,200 per sq.ft (2024)
• Rajasekaran Nagar street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Nagar 3rd street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Rajiv Gandhi Nagar 3rd street?

The Rajiv Gandhi Nagar 3rd street falls under the Royapuram Sub Registrar Office located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that properties are not undervalued during the sale.

When buyers and sellers engage in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar 3rd street?

The current guideline value of Rajiv Gandhi Nagar 3rd street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Rajiv Gandhi Nagar 3rd street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,17,000, based on the current guideline value of Rs 1,300 per sq.ft.

Which Sub Registrar Office covers this street?

The Royapuram Sub Registrar Office covers Rajiv Gandhi Nagar 3rd street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of Rajiv Gandhi Nagar 3rd street?

Rajiv Gandhi Nagar 3rd street is classified as Residential Class II Type - I.