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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi 2nd street

₹550/sq.ft.

The guideline value for Rajiv Gandhi 2nd Street in Vengambakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vengambakkam

Village

Tambaram Joint 1

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Rajiv Gandhi 2nd Street

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Rajiv Gandhi 2nd street guideline value

The current guideline value of Rajiv Gandhi 2nd street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajiv Gandhi 2nd street has changed

The guideline value for Rajiv Gandhi 2nd street has seen several revisions over the years. In 2017, the guideline value was Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a 64% increase in the guideline value.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The significant changes in the guideline value reflect the adjustments made during the 2023 and 2024 revisions, with a 49% increase noted between 2017 and 2023.

Guideline values in Vengambakkam

In Vengambakkam, there are a total of 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median guideline value for the area is Rs 770 per sq.ft, placing Rajiv Gandhi 2nd street's value below this median.

Stamp duty and registration fee for property in Rajiv Gandhi 2nd street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi 2nd street?

The Sub Registrar Office that covers Rajiv Gandhi 2nd street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and in accordance with government regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers should be aware of the guideline value to ensure they are paying the correct fees during the registration process.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi 2nd street?

The current guideline value of Rajiv Gandhi 2nd street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, marking a total increase of 64% from 2017 to 2024.

What is the land classification for Rajiv Gandhi 2nd street?

Rajiv Gandhi 2nd street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Rajiv Gandhi 2nd street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Rajiv Gandhi 2nd street, located at No.26, Mes Road, East Tambaram, Chennai-600059.