Guideline Value for Rajivgandhi Nagar

Rajivgandhi Nagar guideline value

The current guideline value of Rajivgandhi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Pillaippakkam-A village, under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Rajivgandhi Nagar has changed

The guideline value for Rajivgandhi Nagar has remained consistent at Rs 300 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the guideline value was Rs 201 per sq.ft, indicating a significant increase of 49% over the years from 2017 to 2023 and the same percentage increase from 2017 to 2024.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only recorded revisions are from 2017, 2023, and the current value from 2024.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which matches the current value for Rajivgandhi Nagar.

• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Raja veedhi: Rs 300 per sq.ft (2024)
• R.R.Avenue: Rs 700 per sq.ft (2024)
• Sampooranam Nagar: Rs 300 per sq.ft (2024)
• Samsu Nagar: Rs 200 per sq.ft (2024)
• Peyaridappadatha Manaipirivu: Rs 344 per sq.ft (2024)

Stamp duty and registration fee for property in Rajivgandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. 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 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.

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

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value is a crucial factor when registering property transactions in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value ensures that the government receives the appropriate revenue from the transaction, based on the established rates for different areas. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Rajivgandhi Nagar?

The current guideline value of Rajivgandhi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What are the other streets in Pillaippakkam-A with similar guideline values?

Other streets in Pillaippakkam-A with a guideline value of Rs 300 per sq.ft include Rajeswari Nagar, Raja veedhi, and Sampooranam Nagar, among others.

What are the fees associated with property registration in Rajivgandhi Nagar?

The fees for property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

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