Guideline Value

Corporate

Guideline Value for RAJARAJAN NAGAR

₹1320/sq.ft.

The guideline value for Rajarajan Nagar in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹105 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹68 /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 Rajarajan Nagar

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Rajarajan Nagar guideline value

The current guideline value of Rajarajan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Vanagaram village under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of Rajarajan Nagar has changed

The guideline value for Rajarajan Nagar has seen several revisions over the years. Starting from Rs 68 per sq.ft in 2002, it increased to Rs 105 per sq.ft in 2003, marking a 54% rise. The value continued to rise significantly, reaching Rs 500 per sq.ft in 2007, which was a 376% increase from the previous revision. In 2012, the value was Rs 1,200 per sq.ft, showing a 140% increase from 2007. However, it dropped to Rs 804 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,841%. There are no figures available for other revisions for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft, with a median value of Rs 1,660 per sq.ft. The guideline value of Rajarajan Nagar is below this median.

Stamp duty and registration fee for property in Rajarajan Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajarajan Nagar?

The Sub Registrar Office that covers Rajarajan Nagar 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 further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vanagaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and fairly in the official records.

Frequently asked questions

What is the current guideline value of Rajarajan Nagar?

The current guideline value of Rajarajan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 68 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1,841% over the years.

What is the stamp duty rate for properties in Rajarajan Nagar?

The stamp duty rate for properties in Rajarajan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajarajan Nagar?

The Sub Registrar Office for Rajarajan Nagar 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.

What are the guideline values of other streets in Vanagaram?

Other streets in Vanagaram include Rajarajan Nagar 1st Cross Street, Rajarajan Nagar 2nd Cross Street, and Rajarajan Nagar Main Salai, all valued at Rs 1,320 per sq.ft in 2024, among others.