Guideline Value for Rajiv Gandhi Street

Rajiv Gandhi Street guideline value

The current guideline value of Rajiv Gandhi Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Rajiv Gandhi Street has changed

The guideline value for Rajiv Gandhi Street has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a change of +173%. However, the value dropped to Rs 1,005 per sq.ft in 2017, a decrease of -33%. The most recent revision in 2023 set the value back to Rs 1,500 per sq.ft, reflecting an increase of +49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by +173%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. However, Rajiv Gandhi Street is part of the residential classification in this area. Other streets in Vandalur include:

Stamp duty and registration fee for property in Rajiv Gandhi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Street?

The Sub Registrar Office that covers Rajiv Gandhi Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It determines the minimum value at which a property can be registered, ensuring compliance with local regulations.

When a buyer or seller engages in a transaction, the guideline value is used to calculate applicable fees, such as stamp duty and registration fees. This ensures that all parties are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Street?

The current guideline value of Rajiv Gandhi Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Rajiv Gandhi Street?

The land classification for Rajiv Gandhi Street is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for Rajiv Gandhi Street located?

The Gooduvancheri Sub Registrar Office, which covers Rajiv Gandhi Street, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties on Rajiv Gandhi Street?

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 at the current rate, the total stamp duty and registration fees would amount to Rs 1,35,000.