Guideline Value for Rajiv Gandhi Nagar

Rajiv Gandhi Nagar guideline value

The current guideline value of Rajiv Gandhi Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Rajiv Gandhi Nagar has changed

The guideline value for Rajiv Gandhi Nagar has seen significant changes over the years. In the 2003 revision, the value was Rs 156 per sq.ft, which increased to Rs 210 per sq.ft in 2007. Following this, the 2017 revision marked a substantial rise to Rs 1,407 per sq.ft, reflecting a 570% increase from 2007. The 2023 revision set the value at Rs 2,099 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has further increased the guideline value to Rs 2,350 per sq.ft, representing a 12% rise from the previous year.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,406%.

Guideline values in Anakaputhur

Anakaputhur has 501 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Rajiv Gandhi Nagar's 2024 figure above this median.

• Rajiv Gandhi Sreet (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Ramalingaswamy Madham Street: Rs 2,350 per sq.ft (2024)
• Rajamanikam Street (L.R.) (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Rajaji Salai(karikalan nagar): Rs 2,860 per sq.ft (2024)
• Rangaiya Chetty Street: Rs 1,760 per sq.ft (2024)
• Ragavendra Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,350 per sq.ft, the guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. It is important to note that the 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 more details.

Which Sub Registrar Office covers Rajiv Gandhi Nagar?

The Sub Registrar Office that covers Rajiv Gandhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used for calculating the necessary fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar?

The current guideline value of Rajiv Gandhi Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 156 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 1,406% over this period.

What is the land classification for Rajiv Gandhi Nagar?

Rajiv Gandhi Nagar falls under Residential Class III Type - I land classification. This classification is important for determining the appropriate uses and regulations for the land.

What are the stamp duty and registration fees for properties in Rajiv Gandhi Nagar?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Rajiv Gandhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.