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Guideline Value

Corporate

Guideline Value for RAJEEV GANDHI NAGAR ANNEXE

₹2750/sq.ft.

The guideline value for Rajeev Gandhi Nagar Annexe 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

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Rajeev Gandhi Nagar Annexe guideline value

The current guideline value of Rajeev Gandhi Nagar Annexe is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajeev Gandhi Nagar Annexe has changed

The guideline value for Rajeev Gandhi Nagar Annexe has seen several revisions over the years. In 2002, the value was Rs 120 per sq.ft, which increased significantly to Rs 133 per sq.ft in 2003. Following this, the value rose to Rs 350 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,750 per sq.ft.

Examining the changes between revisions, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%. In contrast, the value surged by 614% from 2007 to 2012, and from 2003 to 2007, it increased by 163%. The increase from 2002 to 2003 was 11%. Overall, from 2002 to 2024, the guideline value has increased by 2,192%.

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 above this median.

Stamp duty and registration fee for property in Rajeev Gandhi Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be 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 also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajeev Gandhi Nagar Annexe?

The Virugambakkam Sub Registrar Office covers Rajeev Gandhi Nagar Annexe. The office is 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 in the registration process when buying or selling property in Nerkundram. It determines the minimum value at which a property can be registered, ensuring that the correct stamp duty and registration fees are calculated based on this value.

When a property is sold, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajeev Gandhi Nagar Annexe?

The current guideline value of Rajeev Gandhi Nagar Annexe 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 undergone several revisions, increasing from Rs 120 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 2,192%.

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 Annexe's value being higher than this median.

What are the stamp duty and registration fees for property in Rajeev Gandhi Nagar Annexe?

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.

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.