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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR - Mahathma Gandhi Street

₹2200/sq.ft.

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

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RAJIV GANDHI NAGAR - Mahathma Gandhi Street guideline value

The current guideline value for RAJIV GANDHI NAGAR - Mahathma Gandhi Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class V Type - I.

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

The guideline value for RAJIV GANDHI NAGAR - Mahathma Gandhi Street has seen significant changes over the years. In the 2002 revision, the value was Rs 109 per sq.ft, which increased to Rs 120 per sq.ft in 2003. Following that, the value rose to Rs 300 per sq.ft in 2007, then saw a substantial increase to Rs 2,000 per sq.ft in 2012. However, there was a decrease 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 2024 revision set it at Rs 2,200 per sq.ft.

Overall, the changes between the revisions indicate a +1918% increase from 2002 to 2024. Notably, the increase from 2023 to 2024 was +10%, and from 2017 to 2023, there was a +49% increase. The register has no figure for the years not mentioned in the provided data.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value 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 the guideline value of RAJIV GANDHI NAGAR - Mahathma Gandhi Street below that median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR - Mahathma 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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers RAJIV GANDHI NAGAR - Mahathma 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 during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

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 registration process is aligned with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI NAGAR - Mahathma Gandhi Street?

The current guideline value for RAJIV GANDHI NAGAR - Mahathma 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 +1918% over this period.

What is the land classification for this street?

The land classification for RAJIV GANDHI NAGAR - Mahathma Gandhi Street is Residential Class V Type - I.

Which office handles property registrations for this area?

The Virugambakkam Sub Registrar Office handles property registrations for RAJIV GANDHI NAGAR - Mahathma Gandhi Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft, with RAJIV GANDHI NAGAR - Mahathma Gandhi Street's value being below this median at Rs 2,200 per sq.ft.