Guideline Value for THESHIV RKJ ELITE

Theshiv Rkj Elite guideline value

The current guideline value of Theshiv Rkj Elite is Rs 4,450 per sq.ft. It is located in Vengaivasal village, under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Theshiv Rkj Elite has changed

The guideline value for Theshiv Rkj Elite has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 4,175 per sq.ft, which increased by 7% to Rs 4,450 per sq.ft in the 2024 revision.

This marks a significant change from the previous year, reflecting a rise in the guideline value. The 2024 figure is the only one available for the current street, with no historical data from earlier revisions.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value in the village is Rs 2,700 per sq.ft, placing Theshiv Rkj Elite's 2024 figure above that median.

• Theshiv Rkj Elite Phase-2: 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

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, leading to a total of Rs 4,00,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Theshiv Rkj Elite?

The Theshiv Rkj Elite is covered by 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 is a crucial factor when registering property transactions in Vengaivasal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold or purchased, the guideline value helps establish a baseline for the transaction value, ensuring that the appropriate fees are collected based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Theshiv Rkj Elite?

The current guideline value of Theshiv Rkj Elite is Rs 4,450 per sq.ft as per the 2024 revision.

How much has the guideline value changed recently?

The guideline value increased from Rs 4,175 per sq.ft in 2023 to Rs 4,450 per sq.ft in 2024, which is a 7% increase.

What is the land classification of Theshiv Rkj Elite?

Theshiv Rkj Elite is classified as 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 the stamp duty calculated for properties in Theshiv Rkj Elite?

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 Rs 4,450 per sq.ft would incur a stamp duty of Rs 3,11,500.