Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for RAJIV GANDHI NAGAR (THATANKUPPAM) 7th STREET

₹2100/sq.ft.

The guideline value for Rajiv Gandhi Nagar (thatankuppam) 7th 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) 7th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

RAJIV GANDHI NAGAR (THATANKUPPAM) 7th STREET guideline value

The current guideline value for RAJIV GANDHI NAGAR (THATANKUPPAM) 7th 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) 7th STREET has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the guideline value was Rs 600 per sq.ft. This increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 233%. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value surged to Rs 2,000 per sq.ft, reflecting an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, a 5% increase from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 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 2024 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 figure for RAJIV GANDHI NAGAR (THATANKUPPAM) 7th STREET below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR (THATANKUPPAM) 7th 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, bringing the total fees together to Rs 1,89,000. 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 detailed calculations.

Which Sub Registrar Office covers RAJIV GANDHI NAGAR (THATANKUPPAM) 7th STREET?

The RAJIV GANDHI NAGAR (THATANKUPPAM) 7th STREET falls under 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 during property transactions in Korattur, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration laws and to calculate the associated fees accurately.

When a property is sold, the registration office uses the guideline value to assess the applicable stamp duty and registration fees. This ensures that the transaction is legally recognized and that the correct taxes are paid based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for RAJIV GANDHI NAGAR (THATANKUPPAM) 7th STREET?

The current guideline value for RAJIV GANDHI NAGAR (THATANKUPPAM) 7th 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. Notably, it increased by 250% overall from 2007 to 2024.

What is the land classification for this area?

RAJIV GANDHI NAGAR (THATANKUPPAM) 7th 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 at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 21,00,000 would incur a stamp duty of Rs 1,47,000.