Guideline Value

Corporate

Guideline Value for R.G. NAGAR 2ND STREET

₹2750/sq.ft.

The guideline value for R.g. Nagar 2nd Street in Jelandianpettai village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Jelandianpettai

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 R.g. Nagar 2nd Street

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R.G. Nagar 2nd Street guideline value

The current guideline value of R.G. Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of R.G. Nagar 2nd Street has changed

Over the years, the guideline value of R.G. Nagar 2nd Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 2,750 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

The changes between the revisions reflect a significant increase in value. From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the 2024 guideline value for R.G. Nagar 2nd Street above this median.

Stamp duty and registration fee for property in R.G. Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers R.G. Nagar 2nd Street?

The Sub Registrar Office that covers R.G. Nagar 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Jelandianpettai, as it determines the minimum value at which a property can be registered. Buyers should be aware that the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property transaction occurs, the guideline value serves as a benchmark for the registration process. It helps maintain transparency and consistency in property transactions, ensuring that all parties are aware of the valuation used for official purposes.

Frequently asked questions

What is the current guideline value of R.G. Nagar 2nd Street?

The current guideline value of R.G. Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several revisions, with the most recent increase being from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for R.G. Nagar 2nd Street?

The land classification for R.G. Nagar 2nd Street is Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft property at the current guideline value, the total guideline value would be Rs 27,50,000, with stamp duty at Rs 1,92,500 and registration fees at Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for R.G. Nagar 2nd Street?

The Chennai South Joint I Sub Registrar Office handles registrations for R.G. Nagar 2nd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.