Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for RAJALAKSHMI NAGAR 4th CROSS STREET

₹2200/sq.ft.

The guideline value for Rajalakshmi Nagar 4th Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 83% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Rajalakshmi Nagar 4th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

RAJALAKSHMI NAGAR 4th CROSS STREET guideline value

The current guideline value of RAJALAKSHMI NAGAR 4th CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of RAJALAKSHMI NAGAR 4th CROSS STREET has changed

The guideline value for RAJALAKSHMI NAGAR 4th CROSS STREET has seen several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. In 2023, the value further dropped to Rs 1,200 per sq.ft, which represented a 10% decrease from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007.

The most recent revision in 2024 has significantly increased the guideline value to Rs 2,200 per sq.ft, reflecting an 83% rise from the 2023 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing RAJALAKSHMI NAGAR 4th CROSS STREET above this median with its 2024 value of Rs 2,200 per sq.ft.

Stamp duty and registration fee for property in RAJALAKSHMI NAGAR 4th CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAJALAKSHMI NAGAR 4th CROSS STREET?

RAJALAKSHMI NAGAR 4th CROSS 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Pallikaranai. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. The guideline value ensures that transactions are recorded accurately and transparently, reflecting the prevailing market conditions.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain a standardized approach to property transactions within the region.

Frequently asked questions

What is the current guideline value for RAJALAKSHMI NAGAR 4th CROSS STREET?

The current guideline value for RAJALAKSHMI NAGAR 4th CROSS STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for RAJALAKSHMI NAGAR 4th CROSS STREET?

The land classification for RAJALAKSHMI NAGAR 4th CROSS STREET is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering RAJALAKSHMI NAGAR 4th CROSS STREET is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.