Guideline Value for Rajiv Gandhi Virpannai Koodam

Rajiv Gandhi Virpannai Koodam guideline value

The current guideline value of Rajiv Gandhi Virpannai Koodam is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village under the Sunguvarchattram SRO, with a land classification of Residential Special Type - III.

How the guideline value of Rajiv Gandhi Virpannai Koodam has changed

The guideline value for Rajiv Gandhi Virpannai Koodam has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 402 per sq.ft. The 2023 revision also retained the value at Rs 600 per sq.ft. The most recent revision in 2024 has kept the value at Rs 600 per sq.ft, showing no change from the previous year.

Looking at the changes between revisions, from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,000 per sq.ft. The median value across these streets is Rs 605 per sq.ft, placing Rajiv Gandhi Virpannai Koodam's 2024 figure below that median.

• Rajiv Ideal Farms: Rs 605 per sq.ft (2024)
• Ramar Kovil street: Rs 605 per sq.ft (2024)
• R.B.S Nagar: Rs 600 per sq.ft (2024)
• Sagaya Avenue: Rs 600 per sq.ft (2024)
• Ponniamman Kovil Street(Thirumangalam Madura Kandigai): Rs 250 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Gandhi Virpannai Koodam

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, calculated at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Rajiv Gandhi Virpannai Koodam?

The Sub Registrar Office that covers Rajiv Gandhi Virpannai Koodam is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Thirumangalam. It determines the minimum value at which a property can be registered, ensuring that the government receives adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Virpannai Koodam?

The current guideline value of Rajiv Gandhi Virpannai Koodam is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in the 2023 and 2024 revisions, while it was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012. There was a 49% increase from 2017 to 2023.

What is the land classification of Rajiv Gandhi Virpannai Koodam?

Rajiv Gandhi Virpannai Koodam is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000.