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Guideline Value

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Guideline Value for RAJEEV GANDHI NAGAR ANNEXE 1st Street

₹2750/sq.ft.

The guideline value for Rajeev Gandhi Nagar Annexe 1st Street 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 Annexe 1st Street

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RAJEEV GANDHI NAGAR ANNEXE 1st Street guideline value

The current guideline value of RAJEEV GANDHI NAGAR ANNEXE 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of RAJEEV GANDHI NAGAR ANNEXE 1st Street has changed

The guideline value for RAJEEV GANDHI NAGAR ANNEXE 1st Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 120 per sq.ft. This increased to Rs 133 per sq.ft in 2003, marking an 11% rise. The value then saw a significant increase to Rs 350 per sq.ft in 2007, which was a 163% change. In 2012, the value rose to Rs 2,500 per sq.ft, reflecting a 614% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, which was a decline of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,750 per sq.ft in the 2024 revision, which is a 10% rise.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 2,192%. It is important to note that there are no figures available for the years not specified in this register 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, placing RAJEEV GANDHI NAGAR ANNEXE 1st Street above this median.

Stamp duty and registration fee for property in RAJEEV GANDHI NAGAR ANNEXE 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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 ANNEXE 1st Street?

The RAJEEV GANDHI NAGAR ANNEXE 1st Street is covered by 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 in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers should be aware of the guideline value to ensure they are prepared for the associated costs during the registration process.

Frequently asked questions

What is the current guideline value of RAJEEV GANDHI NAGAR ANNEXE 1st Street?

The current guideline value of RAJEEV GANDHI NAGAR ANNEXE 1st Street 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 changed from Rs 120 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2,192% over this period.

What is the land classification for RAJEEV GANDHI NAGAR ANNEXE 1st Street?

RAJEEV GANDHI NAGAR ANNEXE 1st Street is classified as Residential Class III Type - I.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot, the total costs can be calculated accordingly.