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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR - Athiththan Street

₹2200/sq.ft.

The guideline value for Rajiv Gandhi Nagar - Athiththan 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 - Athiththan Street

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RAJIV GANDHI NAGAR - Athiththan Street guideline value

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

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

The guideline value for RAJIV GANDHI NAGAR - Athiththan Street has undergone 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. The following revision in 2007 saw a significant jump to Rs 300 per sq.ft, and by 2012, it reached Rs 2,000 per sq.ft. However, in 2017, the value decreased to Rs 1,340 per sq.ft. The value then rose to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The value saw a remarkable increase of 567% from 2007 to 2012 and a 150% increase from 2003 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 1,918%.

Guideline values in Maduravoyal

In Maduravoyal, there are 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 - Athiththan Street is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to 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 details.

Which Sub Registrar Office covers RAJIV GANDHI NAGAR - Athiththan Street?

The Sub Registrar Office that covers RAJIV GANDHI NAGAR - Athiththan 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 in the registration process when buying or selling property in Maduravoyal. It serves as a baseline for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount 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 of RAJIV GANDHI NAGAR - Athiththan Street?

The current guideline value of RAJIV GANDHI NAGAR - Athiththan 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 seen several revisions, starting from Rs 109 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 1,918% over the years.

What is the land classification for this street?

RAJIV GANDHI NAGAR - Athiththan Street is classified as Residential Class V Type - I.

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

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

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

The Sub Registrar Office for RAJIV GANDHI NAGAR - Athiththan Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.