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Guideline Value

Corporate

Guideline Value for RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET

₹2100/sq.ft.

The guideline value for Rajiv Gandhi Nagar (thatankuppam) 5th 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) 5th Street

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RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET guideline value

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET has changed

The guideline value for RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision. This figure remained unchanged through the 2023 revision. The most recent 2024 revision increased the guideline value to Rs 2,100 per sq.ft, marking a 5% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, there has been a substantial increase of 250%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, and 2017.

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 as per the 2024 revision. The median guideline value for these streets is Rs 2,500 per sq.ft, placing the 2024 figure for RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR (THATANKUPPAM) 5th 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, totaling Rs 1,89,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET?

The RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Korattur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When engaging in a property transaction, the guideline value can influence the overall cost involved. It is essential for both parties to understand that the stamp duty is calculated based on the higher value between the guideline value and the sale price, ensuring that the correct fees are paid during registration.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET?

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET is Rs 2,100 per sq.ft, effective from 1 July 2024.

How much 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, representing a total increase of 250% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000.

Which office handles registrations for this street?

The Villivakkam Sub Registrar Office handles registrations for RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this street?

The land classification for RAJIV GANDHI NAGAR (THATANKUPPAM) 5th STREET is Residential Class III Type - I, indicating its designation for residential purposes.