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Guideline Value

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Guideline Value for RAJIV GANDHI SALAI 1st CROSS STREET

₹5500/sq.ft.

The guideline value for Rajiv Gandhi Salai 1st Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /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 Salai 1st Cross Street

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RAJIV GANDHI SALAI 1st CROSS STREET guideline value

The current guideline value of RAJIV GANDHI SALAI 1st CROSS STREET is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Special Type - III.

How the guideline value of RAJIV GANDHI SALAI 1st CROSS STREET has changed

The guideline value of RAJIV GANDHI SALAI 1st CROSS STREET has undergone several revisions over the years. The 2017 revision set the value at Rs 3,350 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of RAJIV GANDHI SALAI 1st CROSS STREET is above this median.

Stamp duty and registration fee for property in RAJIV GANDHI SALAI 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that 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 more information.

Which Sub Registrar Office covers RAJIV GANDHI SALAI 1st CROSS STREET?

The Sub Registrar Office that covers RAJIV GANDHI SALAI 1st CROSS 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 additional assistance.

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

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. 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.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI SALAI 1st CROSS STREET?

The current guideline value of RAJIV GANDHI SALAI 1st CROSS STREET is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,350 per sq.ft in 2017 to Rs 5,000 per sq.ft in 2023, and now to Rs 5,500 per sq.ft in 2024. This marks an overall increase of 64% from 2017 to 2024.

What is the land classification of RAJIV GANDHI SALAI 1st CROSS STREET?

RAJIV GANDHI SALAI 1st CROSS STREET is classified as Residential Special Type - III.

What are the stamp duty and registration fees for this street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Which office do I need to visit for registration?

The Neelankarai Sub Registrar Office covers RAJIV GANDHI SALAI 1st CROSS STREET. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.