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Guideline Value

Corporate

Guideline Value for RAJIV GANDHI 2ND CROSS LANE

₹1320/sq.ft.

The guideline value for Rajiv Gandhi 2nd Cross Lane 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 2nd Cross Lane

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Rajiv Gandhi 2nd Cross Lane guideline value

The current guideline value of Rajiv Gandhi 2nd Cross Lane 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 and falls under the Residential Class IV Type - II land classification.

How the guideline value of Rajiv Gandhi 2nd Cross Lane has changed

The guideline value for Rajiv Gandhi 2nd Cross Lane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase of 64% from the 2017 revision, which was Rs 804 per sq.ft. The 2012 revision listed the value at Rs 1,200 per sq.ft, marking a decrease of 33% from the 2017 figure. There are no figures available for the years 2023, 2007, 2003, and 2002 for this street.

Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. This shows the fluctuations in valuation over the years, with significant changes noted between the years of revision.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, 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 Rajiv Gandhi 2nd Cross Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Rajiv Gandhi 2nd Cross Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be 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, resulting in a total of Rs 1,18,800. 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 Rajiv Gandhi 2nd Cross Lane?

The Rajiv Gandhi 2nd Cross Lane 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 is a critical factor when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property registration process.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi 2nd Cross Lane?

The current guideline value of Rajiv Gandhi 2nd Cross Lane 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. There are no figures available for the years 2023, 2007, 2003, and 2002 for this street.

What is the land classification for Rajiv Gandhi 2nd Cross Lane?

Rajiv Gandhi 2nd Cross Lane falls under the Residential Class IV Type - II land classification.

Where can I find the Sub Registrar Office for Rajiv Gandhi 2nd Cross Lane?

The Sub Registrar Office covering Rajiv Gandhi 2nd Cross Lane is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Pallikaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be calculated at 7% of this amount.