Guideline Value

Corporate

Guideline Value for RAJAJI NAGAR MAIN ROAD

₹9900/sq.ft.

The guideline value for Rajaji Nagar Main Road 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 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)

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 Main Road

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Rajaji Nagar Main Road guideline value

The current guideline value of Rajaji Nagar Main Road is Rs 9,900 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rajaji Nagar Main Road has changed

Over the years, the guideline value of Rajaji Nagar Main Road has seen several revisions. The 2012 revision set the value at Rs 9,000 per sq.ft, which was a decrease of 33% from the Rs 6,030 per sq.ft recorded in the 2017 revision. The 2023 revision then increased the value to Rs 9,000 per sq.ft, followed by a further increase of 10% to the current value of Rs 9,900 per sq.ft in the 2024 revision.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

Thiruvanmiyur has a total of 484 streets under the Chennai South Joint I SRO with a 2024 guideline value range from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, which is equal to the current figure for Rajaji Nagar Main Road.

Stamp duty and registration fee for property in Rajaji Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be 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 higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajaji Nagar Main Road?

The Sub Registrar Office that covers Rajaji Nagar Main Road 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 Thiruvanmiyur

The guideline value is a crucial factor when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate applicable taxes, which can significantly impact the overall cost of the transaction. Understanding the guideline value helps both parties in the transaction to be aware of their financial obligations.

Frequently asked questions

What is the current guideline value of Rajaji Nagar Main Road?

The current guideline value of Rajaji Nagar Main Road is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2012 to Rs 9,900 per sq.ft in 2024, with various revisions in between. Notably, there was a 10% increase from 2023 to 2024.

What is the registration office for Rajaji Nagar Main Road?

The registration office for Rajaji Nagar Main Road 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.

How is stamp duty calculated for properties?

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

What are the other streets in Thiruvanmiyur with similar guideline values?

Other streets in Thiruvanmiyur include Rajaji Nagar 2nd Street and Rajaji Nagar 1st Street, both valued at Rs 9,900 per sq.ft in 2024. This indicates a consistent valuation across several streets in the area.