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Guideline Value

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Guideline Value for RAJIV GANDHI NAGAR - Periyar Street

₹2200/sq.ft.

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

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RAJIV GANDHI NAGAR - Periyar Street guideline value

The current guideline value of RAJIV GANDHI NAGAR - Periyar 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 - Periyar Street has changed

The guideline value for RAJIV GANDHI NAGAR - Periyar 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, marking a 10% rise. The value then surged to Rs 300 per sq.ft in 2007, reflecting a significant increase of 150%. Following this, there was a remarkable jump to Rs 2,000 per sq.ft in 2012, a 567% increase. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The next revision in 2023 set the guideline value at Rs 2,000 per sq.ft, which then increased by 10% to the current rate of Rs 2,200 per sq.ft in 2024.

There are no figures available for the years not mentioned in the revisions for this street. 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 - Periyar Street is below this median.

Stamp duty and registration fee for property in RAJIV GANDHI NAGAR - Periyar 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, making the total fees Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

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

The RAJIV GANDHI NAGAR - Periyar Street falls under 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 an essential 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, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value set for that specific area. This ensures that the transaction is recorded accurately and legally within the framework established by the local authorities.

Frequently asked questions

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

The current guideline value of RAJIV GANDHI NAGAR - Periyar 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% over the years.

What is the land classification for RAJIV GANDHI NAGAR - Periyar Street?

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

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.