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Guideline Value

Corporate

Guideline Value for Rajeev Gandhi Nagar 4th Main Road

₹2500/sq.ft.

The guideline value for Rajeev Gandhi Nagar 4th Main Road in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
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)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[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 Rajeev Gandhi Nagar 4th Main Road

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Rajeev Gandhi Nagar 4th Main Road guideline value

The current guideline value of Rajeev Gandhi Nagar 4th Main Road is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Rajeev Gandhi Nagar 4th Main Road has changed

The guideline value for Rajeev Gandhi Nagar 4th Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,500 per sq.ft, an increase from Rs 2,300 per sq.ft in 2023, marking a change of +9%. Prior to that, the value was Rs 1,541 per sq.ft in 2017, reflecting a significant increase of +49% over the six years. The 2012 revision had set the value at Rs 2,300 per sq.ft, which was a decrease of -33% from the 2017 figure.

Looking at the overall changes from 2012 to 2024, the guideline value has increased by +9%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are a total of 376 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft, with the median value being Rs 2,500 per sq.ft. The guideline value of Rajeev Gandhi Nagar 4th Main Road aligns perfectly with this median.

Stamp duty and registration fee for property in Rajeev Gandhi Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, making the total fees together Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajeev Gandhi Nagar 4th Main Road?

The Rajeev Gandhi Nagar 4th Main Road falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Erukancherry, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price exceeds the guideline value, the stamp duty is calculated based on the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajeev Gandhi Nagar 4th Main Road?

The current guideline value of Rajeev Gandhi Nagar 4th Main Road is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,500 per sq.ft in 2024, an increase of +9%. It was Rs 1,541 per sq.ft in 2017 and Rs 2,300 per sq.ft in 2012, showing a significant increase of +49% from 2017 to 2023.

What is the land classification of Rajeev Gandhi Nagar 4th Main Road?

Rajeev Gandhi Nagar 4th Main Road is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Erukancherry?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 25,00,000 would incur a stamp duty of Rs 1,75,000 at the rate of 7%.