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Guideline Value

Corporate

Guideline Value for Rajamangalam Prathana Salai

₹5500/sq.ft.

The guideline value for Rajamangalam Prathana Salai in Konnur village (Konnur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹240 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹221 /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 Rajamangalam Prathana Salai

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Rajamangalam Prathana Salai guideline value

The current guideline value of Rajamangalam Prathana Salai is Rs 5,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rajamangalam Prathana Salai has changed

The guideline value for Rajamangalam Prathana Salai has seen several revisions over the years. In 2002, the guideline value was Rs 221 per sq.ft, which increased to Rs 240 per sq.ft in 2003. Following this, there was a significant rise to Rs 800 per sq.ft in 2007, and then it further increased to Rs 5,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft. The value then increased to Rs 5,000 per sq.ft in 2023, culminating in the current value of Rs 5,500 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2003, the value rose by 9%. The increase from 2003 to 2007 was 233%, followed by a 525% increase from 2007 to 2012. The value then saw a decrease of 33% from 2012 to 2017. After that, there was a 49% increase from 2017 to 2023, and finally, a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 2,389%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO that carry 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. The guideline value for Rajamangalam Prathana Salai is above this median.

Stamp duty and registration fee for property in Rajamangalam Prathana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajamangalam Prathana Salai?

The Sub Registrar Office that covers Rajamangalam Prathana Salai is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Konnur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to consider the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajamangalam Prathana Salai?

The current guideline value of Rajamangalam Prathana Salai is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 221 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Rajamangalam Prathana Salai?

Rajamangalam Prathana Salai is classified as Residential Class I Type - I.

What are the other streets in Konnur and their guideline values?

Other streets in Konnur include Rajamangalam 8th Street, 7th Street, 6th Street, 5th Street, 4th Street, and 3rd Street, all of which have a guideline value of Rs 3,800 per sq.ft as of 2024.

How is the stamp duty calculated for properties in Rajamangalam Prathana Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.