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Guideline Value

Corporate

Guideline Value for RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd STREET

₹2100/sq.ft.

The guideline value for Rajiv Gandhi Nagar (thatankuppam) 2nd Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2100 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 5% change. 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 ₹2000 /sq.ft.
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) 2nd Street

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RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd STREET guideline value

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

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 2,000 per sq.ft, marking a change of +233%. The guideline value remained unchanged at Rs 2,000 per sq.ft in the 2023 revision. However, in the 2024 revision, it increased by 5% to Rs 2,100 per sq.ft.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Korattur

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

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd STREET

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd STREET?

The Sub Registrar Office that covers RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd 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

When buying or selling property in Korattur, the guideline value plays a crucial role in determining the stamp duty and registration fees. It is essential to be aware of the current guideline value, as it directly impacts the costs associated with property transactions.

At the time of registration, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd STREET?

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd 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 significantly 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 is the land classification of this street?

RAJIV GANDHI NAGAR (THATANKUPPAM) 2nd STREET is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For instance, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,89,000.