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Guideline Value

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Guideline Value for RAJEEV GANDHI NAGAR Main Road (271,272,278)

₹2750/sq.ft.

The guideline value for Rajeev Gandhi Nagar Main Road (271,272,278) in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹133 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹120 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Rajeev Gandhi Nagar Main Road (271,272,278)

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RAJEEV GANDHI NAGAR Main Road (271,272,278) guideline value

The current guideline value of RAJEEV GANDHI NAGAR Main Road (271,272,278) is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of RAJEEV GANDHI NAGAR Main Road (271,272,278) has changed

The guideline value for RAJEEV GANDHI NAGAR Main Road (271,272,278) has seen significant changes over the years. In 2002, the guideline value was Rs 120 per sq.ft. This increased to Rs 133 per sq.ft in 2003, marking an increase of 11%. The value then rose substantially to Rs 350 per sq.ft in 2007, which was a remarkable increase of 163%. Following this, the value jumped to Rs 2,500 per sq.ft in 2012, reflecting a 614% increase. However, the value decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The subsequent revisions saw the guideline value rise to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024, marking a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2,192%. There are no figures available for the years in between the listed revisions for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that the 2024 figure for RAJEEV GANDHI NAGAR Main Road (271,272,278) is above this median.

Stamp duty and registration fee for property in RAJEEV GANDHI NAGAR Main Road (271,272,278)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 RAJEEV GANDHI NAGAR Main Road (271,272,278)?

The Sub Registrar Office that covers RAJEEV GANDHI NAGAR Main Road (271,272,278) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Nerkundram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The amount of duty is calculated based on the higher of the guideline value or the actual sale price of the property.

When registering a property, it is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This ensures that all parties involved are compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of RAJEEV GANDHI NAGAR Main Road (271,272,278)?

The current guideline value of RAJEEV GANDHI NAGAR Main Road (271,272,278) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 120 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 2,192% over this period.

What is the median guideline value in Nerkundram?

The median guideline value in Nerkundram is Rs 2,200 per sq.ft, with RAJEEV GANDHI NAGAR Main Road (271,272,278) being above this median at Rs 2,750 per sq.ft.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in RAJEEV GANDHI NAGAR Main Road (271,272,278) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for RAJEEV GANDHI NAGAR Main Road (271,272,278) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.