Guideline Value

Corporate

Guideline Value for Rajendra Prasad Theru

₹2310/sq.ft.

The guideline value for Rajendra Prasad Theru in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2310 per sq.ft, effective 1 July 2024. It was Rs 2100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2310 /sq.ft.
From 1-4-2023 ₹2100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1407 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2100 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Prasad Theru

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Rajendra Prasad Theru guideline value

The current guideline value of Rajendra Prasad Theru is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Rajendra Prasad Theru has changed

The guideline value for Rajendra Prasad Theru has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,100 per sq.ft. This was followed by a decrease to Rs 1,407 per sq.ft in 2017. In 2023, the value increased again to Rs 2,100 per sq.ft, and as of the 2024 revision, it stands at Rs 2,310 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 figures, there has been an increase of 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,310 per sq.ft, which is equal to the current guideline value of Rajendra Prasad Theru.

Stamp duty and registration fee for property in Rajendra Prasad Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. 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 details.

Which Sub Registrar Office covers Rajendra Prasad Theru?

The Sub Registrar Office that covers Rajendra Prasad Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional information.

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

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

When buying or selling property, the guideline value is considered during the registration process. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price, ensuring that the transaction is fairly assessed.

Frequently asked questions

What is the current guideline value of Rajendra Prasad Theru?

The current guideline value of Rajendra Prasad Theru is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then increased to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What is the land classification for Rajendra Prasad Theru?

Rajendra Prasad Theru is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Rajeswari Avenue at Rs 1,980 per sq.ft, Rajiv Gandhi Street at Rs 2,310 per sq.ft, Raja Rajessari Nagar at Rs 2,640 per sq.ft, Rajiv Nagar at Rs 2,640 per sq.ft, Raja Nagar at Rs 1,980 per sq.ft, and Rajammal Nagar at Rs 1,980 per sq.ft.

How is stamp duty calculated for property in Rajendra Prasad Theru?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 23,10,000 would incur a stamp duty of Rs 1,61,700.