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Guideline Value

Corporate

Guideline Value for RAJIV GANDHI NAGAR EXTN.

₹1320/sq.ft.

The guideline value for Rajiv Gandhi Nagar Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /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 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹78 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Extn.

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Rajiv Gandhi Nagar Extn. guideline value

The current guideline value of Rajiv Gandhi Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO with a land classification of Residential Class IV Type - II.

How the guideline value of Rajiv Gandhi Nagar Extn. has changed

The guideline value for Rajiv Gandhi Nagar Extn. has undergone several revisions over the years. The earliest recorded figure is from 2002, when the guideline value was Rs 78 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a change of +28%. The value then saw a significant rise to Rs 500 per sq.ft in 2007, which is a change of +400%. Following this, the value was revised to Rs 1,200 per sq.ft in 2012, representing a +140% increase. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, which is an increase of +10% from the 2012 figure.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by +1592%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Rajiv Gandhi Nagar Extn.'s 2024 figure below that median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Extn.

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is essential to note that 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 Extn.?

The Rajiv Gandhi Nagar Extn. falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pallikaranai

The guideline value is a crucial factor during the registration process when buying or selling property in Pallikaranai. It serves as the baseline for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar Extn.?

The current guideline value of Rajiv Gandhi Nagar Extn. is Rs 1,320 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 78 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +1592% over the years.

What are the registration fees for property in Rajiv Gandhi Nagar Extn.?

The registration fees are calculated based on the guideline value. For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Rajiv Gandhi Nagar Extn., located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

Are there other streets with different guideline values in Pallikaranai?

Yes, there are other streets in Pallikaranai with varying guideline values. For example, Rajiv Gandhi Street has a guideline value of Rs 1,110 per sq.ft, while Rajiv Gandhi 2nd Cross Street and Rajiv Gandhi 2nd Cross Lane both have a value of Rs 1,320 per sq.ft.