Guideline Value

Corporate

Guideline Value for RAJESHWARI NAGAR ANNEX

₹2480/sq.ft.

The guideline value for Rajeshwari Nagar Annex in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2480 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2480 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /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 Rajeshwari Nagar Annex

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Rajeshwari Nagar Annex guideline value

The current guideline value of Rajeshwari Nagar Annex, located in Karambakkam village under the Chennai South Joint I SRO, is Rs 2,480 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Rajeshwari Nagar Annex has changed

The guideline value for Rajeshwari Nagar Annex has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,250 per sq.ft. This was followed by a decrease to Rs 1,507 per sq.ft in 2017. The value then increased significantly to Rs 2,250 per sq.ft in 2023, and finally rose to Rs 2,480 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw a further increase of 10%. 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 Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, placing Rajeshwari Nagar Annex above this median.

Stamp duty and registration fee for property in Rajeshwari Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 2,480 per sq.ft, the total guideline value amounts to Rs 24,80,000. The stamp duty at 7% would be Rs 1,73,600, and the registration fee at 2% would be Rs 49,600, bringing the total charges to Rs 2,23,200. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeshwari Nagar Annex?

The Rajeshwari Nagar Annex 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 Karambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Karambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a buyer and seller agree on a sale price, the registration office will charge stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajeshwari Nagar Annex?

The current guideline value of Rajeshwari Nagar Annex is Rs 2,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2012 to Rs 1,507 per sq.ft in 2017, then back to Rs 2,250 per sq.ft in 2023, and finally to Rs 2,480 per sq.ft in 2024.

What are the other streets with the same guideline value in Karambakkam?

Other streets in Karambakkam with the same guideline value of Rs 2,480 per sq.ft include Rajeshwari Nagar 1st Street, Rajeshwari Nagar 2nd Street, Rajeshwari Nagar 3rd Street, Rajeshwari Nagar Main Road, Rajeswari Nagar, and Rajarajeswari Nagar.

What is the stamp duty rate for properties in Rajeshwari Nagar Annex?

The stamp duty rate for properties in Rajeshwari Nagar Annex is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rajeshwari Nagar Annex?

The Sub Registrar Office covering Rajeshwari Nagar Annex is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.