Guideline Value

Corporate

Guideline Value for R.K.NAGAR ROAD

₹1700/sq.ft.

The guideline value for R.k.nagar Road in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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]

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R.K.Nagar Road guideline value

The current guideline value of R.K.Nagar Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of R.K.Nagar Road has changed

The guideline value for R.K.Nagar Road has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in 2017, followed by an increase to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 1,700 per sq.ft, marking a 13% increase from the previous year.

Examining the changes between these revisions reveals significant fluctuations. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose by 49%. Overall, the guideline value increased by 13% from 2012 to 2024.

Guideline values in Enjambakkam

Enjambakkam has a total of 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing R.K.Nagar Road's 2024 figure below that median.

Stamp duty and registration fee for property in R.K.Nagar Road

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that 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 information.

Which Sub Registrar Office covers R.K.Nagar Road?

The Sub Registrar Office that covers R.K.Nagar Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of R.K.Nagar Road?

The current guideline value of R.K.Nagar Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, moving from Rs 1,500 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for R.K.Nagar Road?

R.K.Nagar Road is classified as Residential Class IV Type - I, indicating its designation for residential use.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 and a registration fee of Rs 34,000.