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Guideline Value

Corporate

Guideline Value for RAJIV GANDHI NAGAR 1ST STREET

₹2200/sq.ft.

The guideline value for Rajiv Gandhi Nagar 1st Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 1st Street

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Rajiv Gandhi Nagar 1st Street guideline value

The current guideline value of Rajiv Gandhi Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, with a land classification of Residential Class II Type - III.

How the guideline value of Rajiv Gandhi Nagar 1st Street has changed

The guideline value of Rajiv Gandhi Nagar 1st Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a significant increase from Rs 1,340 per sq.ft in the 2017 revision. This change represents a rise of 64% over the seven-year period.

It is important to note that the guideline value register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The 2017 revision marked the last recorded figure before the current 2024 revision.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Rajiv Gandhi Nagar 1st Street.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar 1st 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 fees together 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajiv Gandhi Nagar 1st Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar 1st Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

When buying or selling property in Sholinganallur - 1, the guideline value plays a crucial role in determining the official value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the property is registered at a value that reflects its current market standing according to the local government regulations.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar 1st Street?

The current guideline value of Rajiv Gandhi Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a rise of 64% over this period.

Are there any years without guideline values for Rajiv Gandhi Nagar 1st Street?

Yes, the guideline value register has no figures for Rajiv Gandhi Nagar 1st Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Rajiv Gandhi Nagar 1st Street?

The registration office for Rajiv Gandhi Nagar 1st Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Rajiv Gandhi Nagar 1st Street?

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 guideline value of Rs 2,200 per sq.ft would incur a stamp duty of Rs 1,54,000.