Guideline Value

Corporate

Guideline Value for R.G. NAGAR

₹2750/sq.ft.

The guideline value for R.g. Nagar 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 ₹820 /sq.ft.
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

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R.G. Nagar guideline value

The current guideline value of R.G. Nagar in Jelandianpettai village is Rs 2,750 per sq.ft, effective from the 2024 revision. This area falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of R.G. Nagar has changed

Over the years, the guideline value of R.G. Nagar has seen several revisions. The 2007 revision set the value at Rs 820 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 205% increase. However, the value then decreased to Rs 1,675 per sq.ft in 2017, representing a 33% decline. The subsequent revision in 2023 saw the value rise to Rs 2,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 2,750 per sq.ft, a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 235%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Jelandianpettai

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

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

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, bringing the total to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.G. Nagar?

The Sub Registrar Office that covers R.G. Nagar 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that these costs are based on a standardized value set by the government.

When a property transaction occurs, the guideline value helps in assessing the minimum value for which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

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

The current guideline value of R.G. Nagar is Rs 2,750 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 820 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 235% over the years.

What are the stamp duty and registration fees for properties in R.G. Nagar?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for R.G. Nagar?

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

What is the median guideline value in Jelandianpettai?

The median guideline value in Jelandianpettai is Rs 2,200 per sq.ft, with R.G. Nagar's current value above this median.