Guideline Value

Corporate

Guideline Value for RAJA GANAPATHY NAGAR

₹550/sq.ft.

The guideline value for Raja Ganapathy Nagar in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Vilangadupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Raja Ganapathy Nagar

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Raja Ganapathy Nagar guideline value

The current guideline value of Raja Ganapathy Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Vilangadupakkam village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Raja Ganapathy Nagar has changed

Looking at the revisions, the guideline value for Raja Ganapathy Nagar was Rs 500 per sq.ft in 2023, which increased to Rs 550 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 335 per sq.ft, showing a significant increase of +49% to reach the 2023 figure. The 2012 revision recorded a guideline value of Rs 500 per sq.ft, which decreased by -33% to Rs 335 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median guideline value is Rs 440 per sq.ft, placing Raja Ganapathy Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Raja Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 details.

Which Sub Registrar Office covers Raja Ganapathy Nagar?

The Sub Registrar Office that covers Raja Ganapathy Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Vilangadupakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall transaction costs. Buyers should ensure they are informed about the current guideline values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Raja Ganapathy Nagar?

The current guideline value of Raja Ganapathy Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. The value was Rs 335 per sq.ft in 2017, and Rs 500 per sq.ft in 2012.

What is the land classification for Raja Ganapathy Nagar?

Raja Ganapathy Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Raja Ganapathy Nagar?

The registration office for Raja Ganapathy Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that these costs are based on the official valuation of the property rather than the sale price.