Guideline Value for Rajiv Gandhi Street

Rajiv Gandhi Street guideline value

The current guideline value of Rajiv Gandhi Street, located in Irunkattukottai_B village, under the Sriperumpudur SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Rajiv Gandhi Street has changed

The guideline value for Rajiv Gandhi Street has seen several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 400 per sq.ft, which is unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the only revisions that show a guideline value are from 2017, 2023, and 2024.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is the same as the guideline value for 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, while the registration fee at 2% would be Rs 8,000, bringing the total cost to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi Street?

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

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

The guideline value plays a crucial role during the registration process of property transactions in Irunkattukottai_B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees, ensuring that all transactions are conducted fairly and transparently based on the established rates.

Frequently asked questions

What is the current guideline value for Rajiv Gandhi Street?

The current guideline value for Rajiv Gandhi Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajiv Gandhi Street has remained at Rs 400 per sq.ft from 2023 to 2024. It increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Rajiv Gandhi Street?

Rajiv Gandhi Street falls under the Residential Class III Type - I land classification, indicating its use for residential purposes.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. 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 Street?

The Sub Registrar Office covering Rajiv Gandhi Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the appropriate link.