Guideline Value for Rajiv Ganthi Nagar

Rajiv Ganthi Nagar guideline value

The current guideline value of Rajiv Ganthi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village and falls under the Konnur SRO with a land classification of Residential Class IV Type - I.

How the guideline value of Rajiv Ganthi Nagar has changed

The guideline value for Rajiv Ganthi Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, an increase from Rs 800 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 536 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has risen by 64%. The change from 2023 to 2024 reflects a 10% increase in the guideline value.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Rajiv Ganthi Nagar is below this median.

• Rajankuppam Yadava street: Rs 1,400 per sq.ft (2024)
• Rajangkuppam Salai: Rs 2,200 per sq.ft (2024)
• Rajangkuppam Perumal Koil Street: Rs 1,400 per sq.ft (2024)
• Rani Anna Nagar: Rs 880 per sq.ft (2024)
• Royal City Phase I (S.No.252, 253, 342): Rs 1,100 per sq.ft (2024)
• Royal City (S.No.260/2): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rajiv Ganthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Ganthi Nagar?

The Sub Registrar Office covering Rajiv Ganthi Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an essential factor in the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajiv Ganthi Nagar?

The current guideline value of Rajiv Ganthi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, marking a 10% increase.

What was the guideline value in 2017?

The guideline value for Rajiv Ganthi Nagar in 2017 was Rs 536 per sq.ft.

Which Sub Registrar Office is responsible for Rajiv Ganthi Nagar?

The Konnur Sub Registrar Office is responsible for Rajiv Ganthi Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 8,80,000, the total fees would be Rs 79,200.