Guideline Value

Corporate

Guideline Value for Dr.R.J.R Nagar

₹2200/sq.ft.

The guideline value for Dr.r.j.r Nagar in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹207 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr.r.j.r Nagar

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Dr.R.J.R Nagar guideline value

The current guideline value of Dr.R.J.R Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Nerkundram village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this locality is Residential Class IV Type - I.

How the guideline value of Dr.R.J.R Nagar has changed

The guideline value for Dr.R.J.R Nagar has undergone several revisions over the years. The earliest recorded revision in 2003 set the value at Rs 207 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a significant rise of 69%. The value then surged dramatically to Rs 2,000 per sq.ft in 2012, an increase of 471%. However, it saw a decrease to Rs 1,340 per sq.ft in 2017, a drop of 33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 963%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Dr.R.J.R Nagar.

Stamp duty and registration fee for property in Dr.R.J.R Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr.R.J.R Nagar?

The Sub Registrar Office that covers Dr.R.J.R Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Nerkundram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher value between the guideline value and the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Dr.R.J.R Nagar?

The current guideline value of Dr.R.J.R Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 207 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 963% over this period.

What is the land classification for Dr.R.J.R Nagar?

The land classification for Dr.R.J.R Nagar is Residential Class IV Type - I, indicating its designation for residential use.

What are the stamp duty rates for properties in Dr.R.J.R Nagar?

The stamp duty for properties in Dr.R.J.R Nagar is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Dr.R.J.R Nagar?

The Sub Registrar Office for Dr.R.J.R Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.