Guideline Value

Corporate

Guideline Value for Rajendra Nagar 3rd Street

₹1700/sq.ft.

The guideline value for Rajendra Nagar 3rd Street in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹89 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹81 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Rajendra Nagar 3rd Street

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Rajendra Nagar 3rd Street guideline value

The current guideline value of Rajendra Nagar 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajendra Nagar 3rd Street has changed

The guideline value for Rajendra Nagar 3rd Street has seen several revisions over the years. The earliest recorded value was Rs 81 per sq.ft in 2002, which increased to Rs 89 per sq.ft in 2003, marking a 10% rise. Following this, the value surged to Rs 250 per sq.ft in 2007, reflecting a significant increase of 181%. The value then rose dramatically to Rs 1,500 per sq.ft in 2012, a 500% increase. However, it decreased to Rs 1,005 per sq.ft in 2017, showing a decline of 33% before climbing to Rs 1,500 per sq.ft in 2023, a 49% increase. The latest revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, which is a 13% increase from the previous year.

There are no figures recorded for the revisions in any other years for this street. Overall, from 2002 to 2024, the guideline value has increased by 1999%.

Guideline values in Neelankarai

In Neelankarai village, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Rajendra Nagar 3rd Street's 2024 figure below this median.

Stamp duty and registration fee for property in Rajendra Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajendra Nagar 3rd Street?

The Sub Registrar Office that covers Rajendra Nagar 3rd Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Neelankarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price based on the prevailing rates in the area.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajendra Nagar 3rd Street?

The current guideline value of Rajendra Nagar 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 81 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 1999% over this period.

What is the registration fee for property in Rajendra Nagar 3rd Street?

The registration fee is 2% of the guideline value. For a property valued at Rs 17,00,000, the registration fee would be Rs 34,000.

Where is the Sub Registrar Office for Rajendra Nagar 3rd Street located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Neelankarai?

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 17,00,000, the stamp duty would be Rs 1,19,000.