Guideline Value for Rajiv Gandhi Street

Rajiv Gandhi Street guideline value

The current guideline value of Rajiv Gandhi Street in Thandalam village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II 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 value at Rs 400 per sq.ft, the same as the 2023 revision. Prior to that, in 2017, the value was Rs 268 per sq.ft, reflecting a 49% increase from 2017 to 2023. The 2012 revision also recorded a value of Rs 400 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft.

For the years 2007, 2003, and 2002, the register has no figure for Rajiv Gandhi Street. This lack of data means we cannot assess any changes during those periods.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 400 per sq.ft, which matches the current value for Rajiv Gandhi Street.

• Rajiv Gandhi Main Road: Rs 505 per sq.ft (2024)
• Rajeswari Nagar: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Regency Park: Rs 505 per sq.ft (2024)
• Puthu Street: Rs 300 per sq.ft (2024)
• Sakthi Enclave: Rs 800 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 amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and 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 Thandalam

The guideline value plays a crucial role in the registration process for property transactions in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated on the higher of the guideline value or the sale price, which is essential for accurate financial planning during a 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in 2024 and 2023, increased from Rs 268 per sq.ft in 2017, and was also Rs 400 per sq.ft in 2012. There were no figures available for the years 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Rajiv Gandhi Street?

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.

Which Sub Registrar Office covers Rajiv Gandhi Street?

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

What is the land classification for Rajiv Gandhi Street?

Rajiv Gandhi Street is classified as Residential Class II Type - I, indicating its suitability for residential development within the area.