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Guideline Value

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Guideline Value for RAJESH NAGAR 1ST MAIN ROAD CROSS STREET

₹2420/sq.ft.

The guideline value for Rajesh Nagar 1st Main Road Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Rajesh Nagar 1st Main Road Cross Street

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Rajesh Nagar 1st Main Road Cross Street guideline value

The current guideline value for Rajesh Nagar 1st Main Road Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rajesh Nagar 1st Main Road Cross Street has changed

Over the years, the guideline value for Rajesh Nagar 1st Main Road Cross Street has seen several revisions. The most recent revision in 2024 set the rate at Rs 2,420 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 2,200 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 1,474 per sq.ft, marking a significant increase of 49% from the previous revision in 2023.

The earlier revision in 2012 also listed the guideline value at Rs 2,200 per sq.ft, but this was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Rajesh Nagar 1st Main Road Cross Street above this median in 2024.

Stamp duty and registration fee for property in Rajesh Nagar 1st Main Road Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400. Together, the total cost for these fees would be Rs 2,17,800. Please note that 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 Rajesh Nagar 1st Main Road Cross Street?

The Rajesh Nagar 1st Main Road Cross Street is covered by 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 more information.

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

The guideline value plays a crucial role when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is officially recognized and that all legal obligations are met, based on the established rates in the area.

Frequently asked questions

What is the current guideline value of Rajesh Nagar 1st Main Road Cross Street?

The current guideline value of Rajesh Nagar 1st Main Road Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with the most recent increase of 10% from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Rajesh Nagar 1st Main Road Cross Street is Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Rajesh Nagar 1st Main Road Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at 7%.