Guideline Value

Corporate

Guideline Value for RAHMANIYA NAGAR PHASE - II

₹770/sq.ft.

The guideline value for Rahmaniya Nagar Phase - Ii in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Rahmaniya Nagar Phase - Ii

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Rahmaniya Nagar Phase - II guideline value

The current guideline value of Rahmaniya Nagar Phase - II is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Rahmaniya Nagar Phase - II has changed

The guideline value for Rahmaniya Nagar Phase - II has undergone several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a change of +16%. The latest revision in 2024 raised the guideline value to Rs 770 per sq.ft, reflecting a further increase of +10%. Overall, from 2017 to 2024, the guideline value has increased by +28%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing the guideline value of Rahmaniya Nagar Phase - II below this median.

Stamp duty and registration fee for property in Rahmaniya Nagar Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. 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 Rahmaniya Nagar Phase - II?

The Sub Registrar Office that covers Rahmaniya Nagar Phase - II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When you buy or sell property in Nandambakkam, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their transactions. This value is periodically revised, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Rahmaniya Nagar Phase - II?

The current guideline value of Rahmaniya Nagar Phase - II is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents an overall increase of +28% from 2017 to 2024.

What is the registration office for Rahmaniya Nagar Phase - II?

The registration office for Rahmaniya Nagar Phase - II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated in Rahmaniya Nagar Phase - II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 770 per sq.ft, the stamp duty would be Rs 53,900.

What is the land classification for Rahmaniya Nagar Phase - II?

The land classification for Rahmaniya Nagar Phase - II is Residential Class II Type - I, indicating its designated use for residential purposes.