Guideline Value for Rajiv Gandhi Street

Rajiv Gandhi Street guideline value

The current guideline value of Rajiv Gandhi Street in Irunkattukottai village is Rs 400 per sq.ft, effective from the 2024 revision. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Rajiv Gandhi Street has changed

Looking at the historical revisions, the guideline value for Rajiv Gandhi Street was Rs 400 per sq.ft in 2012 and again in 2023. The 2017 revision saw a decrease to Rs 268 per sq.ft, which was a 33% drop from the 2012 figure. The 2024 revision maintained the value at Rs 400 per sq.ft, showing no change from the previous year.

Between 2017 and 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. The overall change from 2012 to 2024 shows that the value has remained the same, at Rs 400 per sq.ft, despite fluctuations in earlier revisions. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Rajiv Gandhi Street.

• Rajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Rajaji Street: Rs 400 per sq.ft (2024)
• Sabari Nagar: Rs 400 per sq.ft (2024)
• Prasanthi Nagar: Rs 800 per sq.ft (2024)
• Sakthi Nagar: Rs 250 per sq.ft (2024)
• Plot Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi Street?

The Sub Registrar Office that covers Rajiv Gandhi Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Irunkattukottai. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers comply with legal requirements.

When buying or selling property, the guideline value is considered for calculating the applicable fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property registrations.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Street?

The current guideline value of Rajiv Gandhi Street is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the most recent revisions in 2024 and 2023 both being Rs 400 per sq.ft. The value was Rs 268 per sq.ft in 2017, which was a decrease from Rs 400 per sq.ft in 2012.

What is the land classification of Rajiv Gandhi Street?

Rajiv Gandhi Street is classified as Residential Class III Type - I. This classification is important for understanding the type of development allowed in the area.

What are the stamp duty rates for properties in Rajiv Gandhi Street?

The stamp duty for properties in Rajiv Gandhi Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

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

The Sub Registrar Office covering Rajiv Gandhi Street is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.