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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR - Indira Gandhi Street

₹2200/sq.ft.

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

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RAJIV GANDHI NAGAR - Indira Gandhi Street guideline value

The current guideline value for RAJIV GANDHI NAGAR - Indira Gandhi 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 - Indira Gandhi Street has changed

The guideline value for RAJIV GANDHI NAGAR - Indira Gandhi Street has seen significant changes over the years. In 2002, the value was Rs 109 per sq.ft, which increased to Rs 120 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 300 per sq.ft in 2007, reflecting a substantial increase of 150%. By 2012, the guideline value reached Rs 2,000 per sq.ft, representing a remarkable 567% increase from the previous revision.

In 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The guideline value then increased to Rs 2,000 per sq.ft in 2023, followed by another increase to the current value of Rs 2,200 per sq.ft in 2024, which is a 10% rise. 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, with 2024 guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, placing RAJIV GANDHI NAGAR - Indira Gandhi Street below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR - Indira Gandhi 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, and the registration fee at 2% would be Rs 44,000, bringing the total to 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.

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

Which Sub Registrar Office covers RAJIV GANDHI NAGAR - Indira Gandhi Street?

The Sub Registrar Office that covers RAJIV GANDHI NAGAR - Indira Gandhi 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 details.

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 benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for RAJIV GANDHI NAGAR - Indira Gandhi Street?

The current guideline value for RAJIV GANDHI NAGAR - Indira Gandhi 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 significantly from Rs 109 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1,918%.

What is the land classification for this street?

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

Where can I find the details of the Sub Registrar Office?

The Virugambakkam Sub Registrar Office covers this street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the 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 1,000 sq.ft plot at the current rate has a total guideline value of Rs 22,00,000.