Guideline Value for Rajivgandhi Nagar

Rajivgandhi Nagar guideline value

The current guideline value of Rajivgandhi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajivgandhi Nagar has changed

The guideline value for Rajivgandhi Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, the same as in 2023. Prior to that, the 2017 revision set the value at Rs 134 per sq.ft, marking a significant increase of 49% to the 2023 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median of Rs 250 per sq.ft. Rajivgandhi Nagar's 2024 figure is below this median.

• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)
• Rajan Nagar: Rs 300 per sq.ft (2024)
• Ramanan Nagar: Rs 200 per sq.ft (2024)
• Rajaji Street: Rs 150 per sq.ft (2024)
• Pump Room Street: Rs 150 per sq.ft (2024)
• Royal Homes: Rs 300 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 Rajivgandhi Nagar?

The Sub Registrar Office that covers Rajivgandhi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nemili_B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected based on the property's value. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Rajivgandhi Nagar?

The current guideline value of Rajivgandhi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Rajivgandhi Nagar?

Rajivgandhi Nagar is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Rajivgandhi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Where is the Sub Registrar Office for Rajivgandhi Nagar located?

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