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Guideline Value

Corporate

Guideline Value for Rajendiran Road(Natesan Nagar)

₹4950/sq.ft.

The guideline value for Rajendiran Road(natesan Nagar) in Chenchery village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 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

Chenchery

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹554 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹498 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Rajendiran Road(natesan Nagar)

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Rajendiran Road(Natesan Nagar) guideline value

The current guideline value of Rajendiran Road (Natesan Nagar) is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rajendiran Road(Natesan Nagar) has changed

The guideline value for Rajendiran Road (Natesan Nagar) has seen several revisions over the years. Starting from 2002, the guideline value was Rs 498 per sq.ft. It increased to Rs 554 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 2,100 per sq.ft in 2007, which represented a 279% increase. Following this, the 2012 revision saw the value set at Rs 4,500 per sq.ft, reflecting a substantial increase of 114% from the previous year.

In 2017, the guideline value was revised to Rs 3,015 per sq.ft, which was a decrease of 33%. However, the value saw a significant increase again in 2023, reaching Rs 4,500 per sq.ft, and then it was revised to Rs 4,950 per sq.ft in 2024, marking a 10% increase. Overall, the guideline value has increased by 894% from 2002 to 2024.

Guideline values in Chenchery

In Chenchery, there are 44 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 7,700 per sq.ft. The median guideline value for the village is Rs 4,400 per sq.ft, making the 2024 figure for Rajendiran Road (Natesan Nagar) above this median.

Stamp duty and registration fee for property in Rajendiran Road(Natesan Nagar)

For a property measuring 1,000 sq.ft at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property.

Which Sub Registrar Office covers Rajendiran Road(Natesan Nagar)?

The Sub Registrar Office that covers Rajendiran Road (Natesan Nagar) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Chenchery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable duties. Buyers must be aware that the stamp duty is charged based on the higher value between the guideline value and the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Rajendiran Road(Natesan Nagar)?

The current guideline value of Rajendiran Road (Natesan Nagar) is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 498 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 894% over the years.

What is the land classification for Rajendiran Road(Natesan Nagar)?

The land classification for Rajendiran Road (Natesan Nagar) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Rajendiran Road(Natesan Nagar)?

The Sub Registrar Office for Rajendiran Road (Natesan Nagar) is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties on Rajendiran Road(Natesan Nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 49,50,000, the stamp duty at 7% would amount to Rs 3,46,500.