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Guideline Value

Corporate

Guideline Value for RAJIV GANDHI 3RD CROSS STREET

₹1110/sq.ft.

The guideline value for Rajiv Gandhi 3rd Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1110 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1110 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1000 /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 3rd Cross Street

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Rajiv Gandhi 3rd Cross Street guideline value

The current guideline value of Rajiv Gandhi 3rd Cross Street is Rs 1,110 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 IV Type - III.

How the guideline value of Rajiv Gandhi 3rd Cross Street has changed

Looking back at the revisions, the guideline value for Rajiv Gandhi 3rd Cross Street has seen a few changes. The 2012 revision recorded a value of Rs 1,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked an increase to Rs 1,110 per sq.ft, reflecting an 11% rise from the previous year.

There are no recorded figures for this street in the years 2002, 2003, 2007, and 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Rajiv Gandhi 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,110 per sq.ft, the guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi 3rd Cross Street?

The Rajiv Gandhi 3rd 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 is a critical factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi 3rd Cross Street?

The current guideline value of Rajiv Gandhi 3rd Cross Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 11%.

What are the other streets in Pallikaranai with similar guideline values?

Other streets in Pallikaranai include Rajiv Gandhi 2nd Street at Rs 1,110 per sq.ft, and several streets at Rs 1,320 per sq.ft, such as Rajiv Gandhi 2nd Cross Street and Rajiv Gandhi 1st Cross Street.

What is the stamp duty rate applicable in this area?

The stamp duty rate applicable in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about the registration office?

The registration office covering Rajiv Gandhi 3rd Cross Street is 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.