Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for RAJIV NAGAR (KORATTUR) 2nd STREET

₹2100/sq.ft.

The guideline value for Rajiv Nagar (korattur) 2nd Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2100 /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 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹375 /sq.ft.
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Nagar (korattur) 2nd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

RAJIV NAGAR (KORATTUR) 2nd STREET guideline value

The current guideline value of RAJIV NAGAR (KORATTUR) 2nd STREET is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of RAJIV NAGAR (KORATTUR) 2nd STREET has changed

The guideline value for RAJIV NAGAR (KORATTUR) 2nd STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 375 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 433%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, which is an increase of 57% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street in the register. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 460%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value of RAJIV NAGAR (KORATTUR) 2nd STREET is below this median.

Stamp duty and registration fee for property in RAJIV NAGAR (KORATTUR) 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAJIV NAGAR (KORATTUR) 2nd STREET?

The RAJIV NAGAR (KORATTUR) 2nd STREET falls under the jurisdiction of the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This system helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of RAJIV NAGAR (KORATTUR) 2nd STREET?

The current guideline value of RAJIV NAGAR (KORATTUR) 2nd STREET is Rs 2,100 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 375 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of 460% over the years.

What is the registration office for RAJIV NAGAR (KORATTUR) 2nd STREET?

The registration office for RAJIV NAGAR (KORATTUR) 2nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 21,00,000 would incur a total fee of Rs 1,89,000.

Are there other streets with the same guideline value in Korattur?

Yes, several other streets in Korattur have the same guideline value of Rs 2,100 per sq.ft in 2024, including RAJIV NAGAR (KORATTUR) 1sT STREET and multiple streets in RAJIV GANDHI NAGAR (THATANKUPPAM).