Guideline Value

Corporate

Guideline Value for RAJIV NAGAR

₹220/sq.ft.

The guideline value for Rajiv Nagar in Vallur village (Thiruvottiyur SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vallur

Village

Thiruvottiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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

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Rajiv Nagar guideline value

The current guideline value of Rajiv Nagar, located in Vallur village under the Thiruvottiyur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Rajiv Nagar has changed

The guideline value for Rajiv Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 134 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase, bringing the guideline value to Rs 220 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Rajiv Nagar. Overall, from 2017 to 2024, the guideline value has increased by 64%, reflecting the changes in property valuation over the years.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is equal to the current guideline value of Rajiv Nagar. This positions Rajiv Nagar at the median value among its peers in the area.

Stamp duty and registration fee for property in Rajiv Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty is charged at 7%, resulting in Rs 15,400, while the registration fee is charged at 2%, amounting to Rs 4,400. Together, the total fees would be Rs 19,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Nagar?

The Sub Registrar Office that covers Rajiv Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value as it impacts the overall cost of property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is aligned with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Rajiv Nagar?

The current guideline value of Rajiv Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and then to Rs 220 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Rajiv Nagar?

The stamp duty for property in Rajiv Nagar is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 19,800, calculated based on the guideline value of Rs 2,20,000.

Which office handles property registrations for Rajiv Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Rajiv Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees. The higher of the guideline value or the sale price is used for calculating these fees during the registration process.