Guideline Value

Corporate

Guideline Value for RAJIV GANDHI 1ST CROSS STREET

₹1320/sq.ft.

The guideline value for Rajiv Gandhi 1st Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Rajiv Gandhi 1st Cross Street

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Rajiv Gandhi 1st Cross Street guideline value

The current guideline value of Rajiv Gandhi 1st Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, with a land classification of Residential Class IV Type - II.

How the guideline value of Rajiv Gandhi 1st Cross Street has changed

The guideline value for Rajiv Gandhi 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. The most recent 2024 revision has increased the value to Rs 1,320 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from the 2012 to the 2024 revision, the guideline value has increased by 10%.

There are no figures available for the years 2023, 2007, 2003, and 2002 for Rajiv Gandhi 1st Cross Street. Therefore, the changes noted are strictly between the years with available values.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that the guideline value for Rajiv Gandhi 1st Cross Street is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi 1st Cross Street?

The Rajiv Gandhi 1st Cross Street falls under 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 in the registration process of property transactions in Pallikaranai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it influences the total cost involved in the transaction. This ensures that all parties are informed and prepared for the financial implications of property registration.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi 1st Cross Street?

The current guideline value of Rajiv Gandhi 1st Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,320 per sq.ft in 2024. This marks a 64% increase from 2017 and a 10% increase overall from 2012 to 2024.

What is the land classification for Rajiv Gandhi 1st Cross Street?

Rajiv Gandhi 1st Cross Street is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Rajiv Gandhi 1st Cross Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Rajiv Gandhi 1st Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.