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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET

₹2100/sq.ft.

The guideline value for Rajiv Gandhi Nagar (thatankuppam) 1st Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2100 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Nagar (thatankuppam) 1st Street

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RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET guideline value

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET is Rs 2,100 per sq.ft. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET has changed

The guideline value for RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision, marking a change of +233%. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, reflecting an increase of +5% from the previous figure.

It is important to note that there are no figures available in the register for the years 2002, 2003, 2017, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +250%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, placing the 2024 guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET?

The Sub Registrar Office that covers RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transactions.

When buyers or sellers engage in a property transaction, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial obligations involved in the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET?

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of +250% over the years.

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

Other streets in Korattur with the same guideline value of Rs 2,100 per sq.ft for 2024 include RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd, 3rd, 4th, 5th, 6th, and 7th STREETS.

What is the registration fee for property in this area?

The registration fee for property in RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET is calculated based on the guideline value, which is Rs 2,100 per sq.ft.

Where is the Sub Registrar Office located for this street?

The Villivakkam Sub Registrar Office, which covers RAJIV GANDHI NAGAR (THATANKUPPAM) 1st STREET, is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.