Guideline Value for Rajiv Gandhi Nagar 5th Street

Rajiv Gandhi Nagar 5th Street guideline value

The current guideline value of Rajiv Gandhi Nagar 5th 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 5th Street has changed

The guideline value for Rajiv Gandhi Nagar 5th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from Rs 2,200 per sq.ft in 2023, marking a change of +9%. Prior to that, in 2017, the value was Rs 1,474 per sq.ft, which reflects a significant increase of +49% to the 2023 figure. The 2012 revision had the value at Rs 2,200 per sq.ft, which was a decrease of -33% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with 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 Rajiv Gandhi Nagar 5th Street's 2024 figure is above this median.

• Rajiv Gandhi Nagar 6th Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 8th Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 9th Street: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to 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, totaling Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Nagar 5th Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar 5th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps to determine the minimum value at which the property can be registered. This ensures that all transactions are recorded accurately and transparently, reflecting the true value of the property in the market.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar 5th Street?

The current guideline value of Rajiv Gandhi Nagar 5th 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 2023 to Rs 2,400 per sq.ft in 2024. It was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012.

Where can I find the registration office for Rajiv Gandhi Nagar 5th Street?

The registration office for Rajiv Gandhi Nagar 5th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,16,000.

What is the land classification for Rajiv Gandhi Nagar 5th Street?

Rajiv Gandhi Nagar 5th Street is classified as Residential Special Type - I under the guideline value register.