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Guideline Value

Corporate

Guideline Value for RAJIV GANDHI NAGAR 3RD STREET

₹2200/sq.ft.

The guideline value for Rajiv Gandhi Nagar 3rd 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 N/A
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 3rd Street

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Rajiv Gandhi Nagar 3rd Street guideline value

The current guideline value of Rajiv Gandhi Nagar 3rd 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 and is classified as Residential Class II Type - III.

How the guideline value of Rajiv Gandhi Nagar 3rd Street has changed

The guideline value register has no figure for Rajiv Gandhi Nagar 3rd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 sets the guideline value at Rs 2,200 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure of Rs 2,200 per sq.ft is consistent with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median of Rs 2,200 per sq.ft. Rajiv Gandhi Nagar 3rd Street's 2024 figure aligns perfectly with this median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Nagar 3rd Street?

The Rajiv Gandhi Nagar 3rd Street is covered by 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It helps determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value serves as a benchmark for the transaction value, ensuring that the fees are consistent with government regulations. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar 3rd Street?

The current guideline value of Rajiv Gandhi Nagar 3rd 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 register has no figures for Rajiv Gandhi Nagar 3rd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 sets the guideline value at Rs 2,200 per sq.ft.

What is the land classification for Rajiv Gandhi Nagar 3rd Street?

Rajiv Gandhi Nagar 3rd Street is classified as Residential Class II Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

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, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles property registrations for Rajiv Gandhi Nagar 3rd Street.