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Guideline Value

Corporate

Guideline Value for RAJAJI NAGAR 2ND STREET

₹9900/sq.ft.

The guideline value for Rajaji Nagar 2nd Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 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

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1015 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹917 /sq.ft.
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 Rajaji Nagar 2nd Street

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Rajaji Nagar 2nd Street guideline value

The current guideline value of Rajaji Nagar 2nd Street, located in Thiruvanmiyur village, is Rs 9,900 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Rajaji Nagar 2nd Street has changed

The guideline value for Rajaji Nagar 2nd Street has undergone several revisions over the years. Starting from Rs 917 per sq.ft in 2002, it increased to Rs 1,015 per sq.ft in 2003, marking an 11% rise. The value saw a significant jump to Rs 1,800 per sq.ft in 2007, reflecting a 77% increase. Following this, the value surged to Rs 9,000 per sq.ft in 2012, which was a remarkable 400% increase. However, it decreased to Rs 6,030 per sq.ft in 2017, showing a decline of 33%. In 2023, the value rose again to Rs 9,000 per sq.ft, and finally, the current value is Rs 9,900 per sq.ft, representing a 10% increase from the previous year.

The overall change from 2002 to 2024 shows a substantial increase of 980%. There are no figures available for the revisions in years not mentioned in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the current guideline value of Rajaji Nagar 2nd Street.

Stamp duty and registration fee for property in Rajaji Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Nagar 2nd Street?

The Rajaji Nagar 2nd Street is covered by 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 Thiruvanmiyur

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on a standardized value set by the authorities.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the necessary fees. This practice helps maintain transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 2nd Street?

The current guideline value of Rajaji Nagar 2nd Street is Rs 9,900 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 917 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 980% over the years.

What is the land classification for Rajaji Nagar 2nd Street?

Rajaji Nagar 2nd Street is classified as Residential Class I Type - I under the Chennai South Joint I SRO.

How is stamp duty calculated for properties in Rajaji Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.

Where can I find the Sub Registrar Office for Rajaji Nagar 2nd Street?

The Sub Registrar Office covering Rajaji Nagar 2nd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.