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Guideline Value

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Guideline Value for Rajaji Nagar 2nd Street.

₹3800/sq.ft.

The guideline value for Rajaji Nagar 2nd Street. in Konnur village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹410 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹378 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 Rajaji Nagar 2nd Street.

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Rajaji Nagar 2nd Street. guideline value

The current guideline value of Rajaji Nagar 2nd Street. is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Rajaji Nagar 2nd Street. has changed

The guideline value for Rajaji Nagar 2nd Street. has seen several revisions over the years. In 2002, the guideline value was Rs 378 per sq.ft, which increased to Rs 410 per sq.ft in 2003. The next recorded revision was in 2012, where it rose to Rs 3,500 per sq.ft, but then dropped to Rs 2,345 per sq.ft in 2017. The value increased significantly to Rs 3,500 per sq.ft in 2023 and then reached the current rate of Rs 3,800 per sq.ft in 2024.

From 2017 to 2023, there was a 49% increase, while the jump from 2023 to 2024 was 9%. Notably, the value saw a substantial increase of 754% from 2003 to 2012. Overall, from 2002 to 2024, the guideline value has increased by 905%. The register has no figure for this street in 2007.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. Rajaji Nagar 2nd Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Rajaji Nagar 2nd Street.

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Nagar 2nd Street.?

The Sub Registrar Office that covers Rajaji Nagar 2nd Street. is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Konnur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that all transactions are conducted transparently and fairly, reflecting the current market conditions as per the official guidelines.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 2nd Street.?

The current guideline value of Rajaji Nagar 2nd Street. is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 378 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various increases and decreases over the years, including a significant drop from Rs 3,500 in 2012 to Rs 2,345 in 2017.

What is the land classification of Rajaji Nagar 2nd Street.?

Rajaji Nagar 2nd Street. is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Rajaji Nagar 2nd Street. is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.