Guideline Value for Rajiv Gandhi Street

Rajiv Gandhi Street guideline value

The current guideline value of Rajiv Gandhi Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class III 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. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, which is the same as the 2023 revision. The previous revision in 2017 recorded a guideline value of Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for Rajiv Gandhi Street in the revisions from 2002, 2003, 2007, and 2012, indicating that the register has no figure for this street in those years.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Rajiv Gandhi Street is below this median.

• Rajivgandhi Nagar: Rs 200 per sq.ft (2024)
• Ramanan Nagar: Rs 200 per sq.ft (2024)
• Rajan Nagar: Rs 300 per sq.ft (2024)
• Rajaji Street: Rs 150 per sq.ft (2024)
• Pump Room Street: Rs 150 per sq.ft (2024)
• Royal Homes: Rs 300 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 rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 covering 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 information.

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

The guideline value is an essential reference point when buying or selling property in Nemili_B. It determines the amount of stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Street?

The current guideline value of Rajiv Gandhi Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision of Rs 134 per sq.ft to the 2024 revision, the guideline value has increased by 49%. The value has remained constant at Rs 200 per sq.ft from 2023 to 2024.

What are the other streets in Nemili_B with their guideline values?

In Nemili_B, other streets have varying guideline values ranging from Rs 150 to Rs 300 per sq.ft for 2024. For example, Rajaji Street has a guideline value of Rs 150 per sq.ft, while Rajan Nagar has Rs 300 per sq.ft.

What are the fees associated with buying property on Rajiv Gandhi Street?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current rate, the total fees would be Rs 18,000.

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

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