Guideline Value for THESHIV RKJ ELITE PHASE-2

Theshiv Rkj Elite Phase-2 guideline value

The current guideline value of Theshiv Rkj Elite Phase-2 is Rs 4,450 per sq.ft, effective from 1 July 2024. This property is located in Vengaivasal village, under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Theshiv Rkj Elite Phase-2 has changed

The guideline value for Theshiv Rkj Elite Phase-2 has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 4,175 per sq.ft, and the latest 2024 revision increased it to Rs 4,450 per sq.ft, marking a change of +7%.

In summary, the guideline value has increased from Rs 4,175 per sq.ft in 2023 to Rs 4,450 per sq.ft in 2024. This indicates a significant upward adjustment in the value for Theshiv Rkj Elite Phase-2.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Theshiv Rkj Elite Phase-2 is above this median, reflecting its higher classification.

• Theshiv Rkj Elite: Rs 4,450 per sq.ft (2024)
• Thangam Nagar: Rs 3,200 per sq.ft (2024)
• Thirumoolar Avenue: Rs 2,730 per sq.ft (2024)
• Thirumurugan Nagar: Rs 4,300 per sq.ft (2024)
• S.V. Naidu Nagar: Rs 850 per sq.ft (2024)
• Suseela Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Theshiv Rkj Elite Phase-2

For a 1,000 sq.ft plot at the current guideline value of Rs 4,450 per sq.ft, the total guideline value would be Rs 44,50,000. The stamp duty at 7% would amount to Rs 3,11,500, and the registration fee at 2% would be Rs 89,000, bringing the total cost for these fees to Rs 4,00,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theshiv Rkj Elite Phase-2?

The Sub Registrar Office that covers Theshiv Rkj Elite Phase-2 is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vengaivasal. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Theshiv Rkj Elite Phase-2?

The current guideline value of Theshiv Rkj Elite Phase-2 is Rs 4,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Theshiv Rkj Elite Phase-2 has increased from Rs 4,175 per sq.ft in 2023 to Rs 4,450 per sq.ft in 2024, showing a change of +7%.

What is the land classification for Theshiv Rkj Elite Phase-2?

The land classification for Theshiv Rkj Elite Phase-2 is Residential Class I Type - III.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Theshiv Rkj Elite Phase-2?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 44,50,000, leading to a stamp duty of Rs 3,11,500.