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Guideline Value

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Guideline Value for RAJEEV GANDHI NAGAR ANNEXE Main Road

₹2750/sq.ft.

The guideline value for Rajeev Gandhi Nagar Annexe Main Road 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 Main Road

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RAJEEV GANDHI NAGAR ANNEXE Main Road guideline value

The current guideline value of RAJEEV GANDHI NAGAR ANNEXE Main Road 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 ANNEXE Main Road has changed

The guideline value for RAJEEV GANDHI NAGAR ANNEXE Main Road has seen several revisions 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 a rise of 11%. The value then experienced a significant increase to Rs 350 per sq.ft in 2007, which was a 163% jump. Following this, the guideline value rose dramatically to Rs 2,500 per sq.ft in 2012, reflecting a 614% increase from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of 33% from 2012. The value then increased to Rs 2,500 per sq.ft in 2023, showing a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,192% for RAJEEV GANDHI NAGAR ANNEXE Main Road. The register has no figures for revisions in years other than those specified.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, and the value for RAJEEV GANDHI NAGAR ANNEXE Main Road is above this median.

Stamp duty and registration fee for property in RAJEEV GANDHI NAGAR ANNEXE Main Road

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, leading to a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAJEEV GANDHI NAGAR ANNEXE Main Road?

The RAJEEV GANDHI NAGAR ANNEXE Main Road 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 details.

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

The guideline value is a crucial factor when registering property transactions in Nerkundram. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for all property sales. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When selling property, the seller must ensure that the guideline value is considered to avoid any discrepancies during registration. It is advisable to check the latest guideline values before proceeding with any transactions to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of RAJEEV GANDHI NAGAR ANNEXE Main Road?

The current guideline value of RAJEEV GANDHI NAGAR ANNEXE Main Road 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 significantly from Rs 120 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 2,192% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for this property?

The Virugambakkam Sub Registrar Office handles registrations for properties in RAJEEV GANDHI NAGAR ANNEXE Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for RAJEEV GANDHI NAGAR ANNEXE Main Road?

The land classification for RAJEEV GANDHI NAGAR ANNEXE Main Road is Residential Class III Type - I, indicating its suitability for residential development.