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Guideline Value

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Guideline Value for Rajiv Gandhi 3rd Cross Street

₹850/sq.ft.

The guideline value for Rajiv Gandhi 3rd Cross Street in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 850 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹850 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[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 3rd Cross Street

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Rajiv Gandhi 3rd Cross Street guideline value

The current guideline value of Rajiv Gandhi 3rd Cross Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Rajiv Gandhi 3rd Cross Street has changed

The guideline value for Rajiv Gandhi 3rd Cross Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017, which was a drop of 33%. In 2023, the guideline value increased to Rs 800 per sq.ft, marking a significant rise of 71%. The most recent revision in 2024 has set the guideline value at Rs 850 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 21%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, indicating that the guideline value of Rajiv Gandhi 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 850 per sq.ft, the guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total to Rs 76,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi 3rd Cross Street?

The Sub Registrar Office that covers Rajiv Gandhi 3rd Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Chembakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. This ensures that the transaction is recorded accurately and complies with local regulations.

When a property is sold, the guideline value is considered to ensure that the transaction is fair and transparent. Buyers and sellers should be aware of the guideline value to understand the costs involved in the registration process and to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi 3rd Cross Street?

The current guideline value of Rajiv Gandhi 3rd Cross Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for Rajiv Gandhi 3rd Cross Street?

Rajiv Gandhi 3rd Cross Street is classified as Residential Class IV Type - II.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Chembakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 at a rate of 7%.