Guideline Value for Rajiv Ideal Farms

Rajiv Ideal Farms guideline value

The current guideline value of Rajiv Ideal Farms is Rs 605 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village and falls under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Rajiv Ideal Farms has changed

The guideline value for Rajiv Ideal Farms has seen several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft, which increased to Rs 405 per sq.ft in 2017. This marked a significant increase of 103%. The value remained at Rs 605 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. Overall, from 2012 to 2024, the guideline value has risen by 203%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The 2023 revision maintained the value at Rs 605 per sq.ft, consistent with the 2024 revision. The increase from 2017 to 2023 was 49%, reflecting the changes in property valuation in the area.

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 is Rs 605 per sq.ft, which is equal to the guideline value of Rajiv Ideal Farms.

• Rajiv Gandhi Virpannai Koodam: Rs 600 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 Ideal Farms

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value amounts to Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total fees to Rs 54,450. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Rajiv Ideal Farms?

The Sub Registrar Office that covers Rajiv Ideal Farms is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thirumangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajiv Ideal Farms?

The current guideline value of Rajiv Ideal Farms is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, marking an overall increase of 203%.

What are the stamp duty and registration fees for property in Rajiv Ideal Farms?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,05,000, with stamp duty at Rs 42,350 and registration fees at Rs 12,100, totaling Rs 54,450.

Which Sub Registrar Office covers Rajiv Ideal Farms?

The Sunguvarchattram Sub Registrar Office covers Rajiv Ideal Farms, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of properties and to calculate the stamp duty and registration fees during property transactions.