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Guideline Value

Corporate

Guideline Value for RAJIV NAGAR 2ND MAIN ROAD

₹3300/sq.ft.

The guideline value for Rajiv Nagar 2nd Main Road in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1189 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹400 /sq.ft.
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 Nagar 2nd Main Road

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Rajiv Nagar 2nd Main Road guideline value

The current guideline value of Rajiv Nagar 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Rajiv Nagar 2nd Main Road has changed

The guideline value for Rajiv Nagar 2nd Main Road has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 400 per sq.ft. This increased to Rs 1,189 per sq.ft in 2007, marking a significant rise of 197%. In 2012, the value remained at Rs 3,000 per sq.ft, but then dropped by 33% to Rs 2,010 per sq.ft in 2017. The 2023 revision saw another increase to Rs 3,000 per sq.ft, which was then revised to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 725%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Rajiv Nagar 2nd Main Road matches this median.

Stamp duty and registration fee for property in Rajiv Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajiv Nagar 2nd Main Road?

The Sub Registrar Office covering Rajiv Nagar 2nd Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Perungudi, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements.

During the registration process, the guideline value serves as a benchmark for the sale price, and the fees are assessed based on the higher of the two figures. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rajiv Nagar 2nd Main Road?

The current guideline value of Rajiv Nagar 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 725% over the years.

What is the land classification for Rajiv Nagar 2nd Main Road?

Rajiv Nagar 2nd Main Road is classified as Residential Class II Type - II.

Where can I find the registration office for Rajiv Nagar 2nd Main Road?

The registration office for Rajiv Nagar 2nd Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Rajiv Nagar 2nd Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.