Guideline Value

Corporate

Guideline Value for Rajesh Nagar

₹165/sq.ft.

The guideline value for Rajesh Nagar in Aathur village (Redhills SRO, Chennai zone) is Rs 165 per sq.ft, effective 1 July 2024. It was Rs 150 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

Aathur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹165 /sq.ft.
From 1-4-2023 ₹150 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹100 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹150 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹210 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Rajesh Nagar guideline value

The current guideline value of Rajesh Nagar is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Aathur village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Rajesh Nagar has changed

The guideline value for Rajesh Nagar has undergone several revisions over the years. In 2002, the value was Rs 210 per sq.ft, which decreased to Rs 22 per sq.ft in 2003. Following this, the value increased significantly to Rs 50 per sq.ft in 2007, and then rose dramatically to Rs 150 per sq.ft in 2012. However, it fell to Rs 100 per sq.ft in 2017 before reaching Rs 150 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 165 per sq.ft.

Examining the changes between these revisions, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 50%. The value decreased by 33% from 2012 to 2017, while it rose by 200% from 2007 to 2012. The increase from 2003 to 2007 was 127%, and there was a significant drop of 90% from 2002 to 2003. Overall, the guideline value has decreased by 21% from 2002 to 2024.

Guideline values in Aathur

Aathur village has 11 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,000 per sq.ft, with a median value of Rs 220 per sq.ft. The guideline value of Rajesh Nagar is below this median.

Stamp duty and registration fee for property in Rajesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, leading to a total of Rs 14,850. It is important to note that 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.

Which Sub Registrar Office covers Rajesh Nagar?

The Sub Registrar Office covering Rajesh Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Aathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value provides a standard reference point that helps ensure transparency in the transaction process. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Rajesh Nagar?

The current guideline value of Rajesh Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 210 per sq.ft in 2002 to Rs 165 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Rajesh Nagar?

The registration office for Rajesh Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Rajesh Nagar?

Stamp duty in Rajesh Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.

What are the other streets in Aathur with guideline values?

Other streets in Aathur include Poorani Avenue Annex, Sakthi Nagar, Saraswathi Nagar, Metro Star City, Thanthai Periyar Street, and VGP Jai Nagar, each with their respective guideline values.