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Guideline Value

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Guideline Value for RAJIV GANDHI Street (Near V.G.P.Amudha Nagar)

₹2200/sq.ft.

The guideline value for Rajiv Gandhi Street (near V.g.p.amudha Nagar) 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹213 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹194 /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 Street (near V.g.p.amudha Nagar)

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RAJIV GANDHI Street (Near V.G.P.Amudha Nagar) guideline value

The current guideline value of RAJIV GANDHI Street (Near V.G.P.Amudha Nagar) 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 Street (Near V.G.P.Amudha Nagar) has changed

The guideline value for RAJIV GANDHI Street has undergone several revisions over the years. In 2002, the guideline value was Rs 194 per sq.ft, which increased to Rs 213 per sq.ft in 2003. Following this, there was a significant rise to Rs 400 per sq.ft in 2007, and then it saw a substantial increase to Rs 2,000 per sq.ft in 2012. However, the value decreased to Rs 1,340 per sq.ft in 2017 before increasing again to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

When we look at the changes between these revisions, we see a +10% change from 2023 to 2024, a +49% increase from 2017 to 2023, a -33% decrease from 2012 to 2017, a remarkable +400% increase from 2007 to 2012, a +88% increase from 2003 to 2007, and a +10% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by +1034%. The register has no figures for revisions in years other than those mentioned.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value in this area is Rs 3,050 per sq.ft, placing RAJIV GANDHI Street's 2024 figure below that median.

Stamp duty and registration fee for property in RAJIV GANDHI Street (Near V.G.P.Amudha Nagar)

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, and the registration fee at 2% would be Rs 44,000, bringing the total cost together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAJIV GANDHI Street (Near V.G.P.Amudha Nagar)?

The Sub Registrar Office that covers RAJIV GANDHI Street is 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 a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of RAJIV GANDHI Street?

The current guideline value of RAJIV GANDHI Street (Near V.G.P.Amudha Nagar) 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 over the years, with the latest revision in 2024 showing an increase of 10% from the previous year, 2023.

What is the land classification for RAJIV GANDHI Street?

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

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

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

How is the stamp duty calculated for properties in this area?

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 results in a total guideline value of Rs 22,00,000.