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

Guideline Value

Corporate

Guideline Value for RAJIV NAGAR (NEAR BALAJI NAGAR)

₹2100/sq.ft.

The guideline value for Rajiv Nagar (near Balaji Nagar) 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 (near Balaji Nagar)

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 (Near Balaji Nagar) guideline value

The current guideline value of Rajiv Nagar (Near Balaji Nagar) is Rs 2,100 per sq.ft, effective from 1 July 2024. This area is located in Korattur village and falls under the Villivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Rajiv Nagar (Near Balaji Nagar) has changed

Over the years, the guideline value of Rajiv Nagar has seen significant changes. The earliest recorded figure is from the 2007 revision, which was Rs 375 per sq.ft. This value increased dramatically to Rs 2,000 per sq.ft in the 2012 revision, marking a substantial rise of 433%. However, the 2017 revision saw a decrease to Rs 1,340 per sq.ft, which was a drop of 33%. The most recent revision in 2024 shows an increase to Rs 2,100 per sq.ft, representing a rise of 57% from the previous figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. 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 (Near Balaji Nagar) is below this median.

Stamp duty and registration fee for property in Rajiv Nagar (Near Balaji Nagar)

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, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Nagar (Near Balaji Nagar)?

The Sub Registrar Office that covers Rajiv Nagar (Near Balaji Nagar) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Korattur. 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 buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajiv Nagar (Near Balaji Nagar)?

The current guideline value of Rajiv Nagar (Near Balaji Nagar) 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, marking an overall increase of 460% over the years.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur that share the same guideline value of Rs 2,100 per sq.ft include RAJIV NAGAR (KORATTUR) 1st STREET, RAJIV NAGAR (KORATTUR) 2nd STREET, and several streets in RAJIV GANDHI NAGAR (THATANKUPPAM).

What is the registration office for Rajiv Nagar?

The registration office covering Rajiv Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated in Korattur?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 21,00,000, the total fees would include a stamp duty of Rs 1,47,000 and a registration fee of Rs 42,000.