Guideline Value for Rajiv Gandhi Nagar

Rajiv Gandhi Nagar guideline value

The current guideline value of Rajiv Gandhi Nagar is Rs 226 per sq.ft. This area is located in Koozhangacheri village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Rajiv Gandhi Nagar has changed

In the 2012 revision, the guideline value was Rs 225 per sq.ft. This figure saw a decrease of 33% in the subsequent 2017 revision, where it was set at Rs 151 per sq.ft. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 226 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, there has been no change in the guideline value, remaining at Rs 226 per sq.ft.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value is Rs 226 per sq.ft, which is equal to the guideline value of Rajiv Gandhi Nagar.

• Rathinapuri: Rs 226 per sq.ft (2024)
• Sai Avenue: Rs 250 per sq.ft (2024)
• Sangamithira Nagar: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• New Mellaniam Nagar: Rs 226 per sq.ft (2024)
• SriAlamelu Mangapuram: Rs 250 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 226 per sq.ft, the guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, totaling Rs 20,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Koozhangacheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in the registration process.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs involved in the transaction. This ensures that the government receives 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 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 226 per sq.ft from 2023 to 2024. It increased from Rs 151 per sq.ft in 2017 to Rs 226 per sq.ft in 2023, and it saw a decrease from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017.

What is the land classification of Rajiv Gandhi Nagar?

Rajiv Gandhi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Rajiv Gandhi Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rajiv Gandhi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 226 per sq.ft, the total guideline value would be Rs 2,26,000, leading to specific stamp duty and registration fees.