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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR - Amman Koil Street

₹2200/sq.ft.

The guideline value for Rajiv Gandhi Nagar - Amman Koil Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹120 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹109 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 - Amman Koil Street

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RAJIV GANDHI NAGAR - Amman Koil Street guideline value

The current guideline value for RAJIV GANDHI NAGAR - Amman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of RAJIV GANDHI NAGAR - Amman Koil Street has changed

The guideline value for RAJIV GANDHI NAGAR - Amman Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 109 per sq.ft, which increased to Rs 120 per sq.ft in 2003. This was followed by a significant rise to Rs 300 per sq.ft in 2007, and then to Rs 2,000 per sq.ft in 2012. However, the value decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft.

The changes between these revisions were notable. From 2002 to 2024, the overall increase was +1918%. The jump from 2017 to 2023 was +49%, while the change from 2012 to 2017 was a decrease of -33%. The increase from 2007 to 2012 was +567%, and from 2003 to 2007, it rose by +150%. The change from 2002 to 2003 was +10%. The 2023 to 2024 revision saw an increase of +10%.

Guideline values in Maduravoyal

In Maduravoyal, there are a total of 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for RAJIV GANDHI NAGAR - Amman Koil Street is below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR - Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAJIV GANDHI NAGAR - Amman Koil Street?

The Sub Registrar Office that covers RAJIV GANDHI NAGAR - Amman Koil Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that are payable when a property is bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for RAJIV GANDHI NAGAR - Amman Koil Street?

The current guideline value for RAJIV GANDHI NAGAR - Amman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 109 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1918% over the years.

What are the other streets in Maduravoyal with the same guideline value?

Other streets in Maduravoyal with a guideline value of Rs 2,200 per sq.ft in 2024 include Annai Sathya Street, Athiththan Street, Ayyavu Street, Dr.Ramadoss Street, Indira Gandhi Street, and Kalinga Street.

What is the registration fee for properties in this area?

The registration fee for properties in RAJIV GANDHI NAGAR - Amman Koil Street is 2% of the guideline value or sale price, whichever is higher.

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

The Virugambakkam Sub Registrar Office covers RAJIV GANDHI NAGAR - Amman Koil Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.