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Guideline Value

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Guideline Value for RAJIV NAGAR 1 TO 5 MAIN ROAD

₹2530/sq.ft.

The guideline value for Rajiv Nagar 1 To 5 Main Road in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Rajiv Nagar 1 To 5 Main Road

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Rajiv Nagar 1 To 5 Main Road guideline value

The current guideline value of Rajiv Nagar 1 To 5 Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajiv Nagar 1 To 5 Main Road has changed

The guideline value for Rajiv Nagar 1 To 5 Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 30%, reaching Rs 2,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 2,530 per sq.ft, reflecting a significant increase of 27% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the current 2024 value, there has been an increase of 10% in the guideline value.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, indicating that Rajiv Nagar 1 To 5 Main Road's 2024 figure is below that median.

Stamp duty and registration fee for property in Rajiv Nagar 1 To 5 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration fee would be Rs 2,27,700. 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 information.

Which Sub Registrar Office covers Rajiv Nagar 1 To 5 Main Road?

The Rajiv Nagar 1 To 5 Main Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific Sub Registrar Office, you can find your SRO.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role in the registration process when buying or selling property in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the registration office will assess the guideline value to ensure that the transaction is in line with the established rates. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rajiv Nagar 1 To 5 Main Road?

The current guideline value of Rajiv Nagar 1 To 5 Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Rajiv Nagar 1 To 5 Main Road?

The land classification for Rajiv Nagar 1 To 5 Main Road is Residential Class I Type - II.

Where can I find the registration office for Rajiv Nagar 1 To 5 Main Road?

The registration office for Rajiv Nagar 1 To 5 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

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, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,77,100.