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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET

₹2100/sq.ft.

The guideline value for Rajiv Gandhi Nagar (thatankuppam) 6th 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 ₹1340 /sq.ft.
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) 6th Street

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RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET guideline value

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET has changed

Over the years, the guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 233%. However, the value decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then increased sharply to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,100 per sq.ft in the 2024 revision, reflecting a 5% rise.

The register has no figure for the years 2002 and 2003 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 that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, indicating that the 2024 figure for RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET is below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET?

The Sub Registrar Office that covers RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET is 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the guideline value.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used for calculating the stamp duty and registration fees, ensuring that the transaction is fairly assessed according to the established rates.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET?

The current guideline value of RAJIV GANDHI NAGAR (THATANKUPPAM) 6th 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 is the land classification for RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET?

The land classification for RAJIV GANDHI NAGAR (THATANKUPPAM) 6th STREET is Residential Class III Type - I.

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

The Sub Registrar Office covering this street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

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