Guideline Value for Rajivgandhi Nagar

Rajivgandhi Nagar guideline value

The current guideline value of Rajivgandhi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Rajivgandhi Nagar has changed

The guideline value of Rajivgandhi Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 670 per sq.ft in 2017, marking a significant rise of 123%. The 2023 revision set the value at Rs 1,000 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 raised the value to Rs 1,100 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Rajivgandhi Nagar's 2024 figure below that median.

• Rajivgandhi Nagar Extn.,: Rs 1,100 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)
• Rajeswari Nagar Main Road: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Rajeswari Nagar 1st Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Rajivgandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajivgandhi Nagar?

The Sub Registrar Office that covers Rajivgandhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajivgandhi Nagar?

The current guideline value of Rajivgandhi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur for 2024 is Rs 1,320 per sq.ft, with Rajivgandhi Nagar's value being below this median.

What fees are associated with registering property in Rajivgandhi Nagar?

When registering property in Rajivgandhi Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Rajivgandhi Nagar?

The Sub Registrar Office for Rajivgandhi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.