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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET

₹2100/sq.ft.

The guideline value for Rajiv Gandhi Nagar (thatankuppam) 3rd 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) 3rd Street

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RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET guideline value

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET has changed

The guideline value for RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET has seen several revisions over the years. From the 2007 revision, where the value was Rs 600 per sq.ft, it increased significantly to Rs 2,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 saw a further increase to Rs 2,100 per sq.ft, marking a 5% rise from the previous year.

Between the revisions, the most notable change occurred from 2007 to 2012, where the guideline value surged by 233%. Overall, from 2007 to 2024, the guideline value has increased by 250%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Korattur

In Korattur village, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value 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 RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd 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 cost for these fees to Rs 1,89,000. 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 NAGAR (THATANKUPPAM) 3rd STREET?

The RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET falls under the jurisdiction of 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 in property transactions in Korattur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the regulations set by the Registration Department.

It is essential for buyers and sellers to be aware of the guideline value for their specific property, as it can significantly affect the overall cost of the transaction. Accurate knowledge of the guideline value helps in understanding the financial implications of property dealings in the area.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET?

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd 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 increased from Rs 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, marking an overall increase of 250% over this period.

What is the land classification for RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET?

RAJIV GANDHI NAGAR (THATANKUPPAM) 3rd STREET is classified as Residential Class III Type - I.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 21,00,000, the stamp duty at 7% would be Rs 1,47,000.