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Guideline Value

Corporate

Guideline Value for Rajeev Gandhi Nagar (All Streets)

₹2200/sq.ft.

The guideline value for Rajeev Gandhi Nagar (all Streets) in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹312 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[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 Rajeev Gandhi Nagar (all Streets)

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Rajeev Gandhi Nagar (All Streets) guideline value

The current guideline value of Rajeev Gandhi Nagar (All Streets) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Thiruneermalai village, under the Pammal SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Rajeev Gandhi Nagar (All Streets) has changed

The guideline value for Rajeev Gandhi Nagar has seen significant changes over the years. In the 2003 revision, the value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,340 per sq.ft, followed by an increase to Rs 2,000 per sq.ft in 2023. The current 2024 revision sets the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2012 in the register for this street. The overall increase from 2003 to 2024 is a remarkable 605%, showcasing the significant growth in the guideline value over this period.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing Rajeev Gandhi Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Rajeev Gandhi Nagar (All Streets)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Rajeev Gandhi Nagar (All Streets)?

The Sub Registrar Office that covers Rajeev Gandhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruneermalai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is a key factor in calculating these costs.

Additionally, the guideline value ensures that property transactions are conducted transparently and fairly, providing a standardized measure for property valuation in the region.

Frequently asked questions

What is the current guideline value of Rajeev Gandhi Nagar?

The current guideline value of Rajeev Gandhi Nagar (All Streets) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 312 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024. This represents an overall increase of 605% over the period.

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

The stamp duty for a property valued at Rs 22,00,000 would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Rajeev Gandhi Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Rajeev Gandhi Nagar?

Rajeev Gandhi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.