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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Main Road

₹505/sq.ft.

The guideline value for Rajiv Gandhi Main Road in Thandalam village (Sriperumpudur SRO, Chengalpattu zone) is Rs 505 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 1% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thandalam

Village

Sriperumpudur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹505 /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 ₹500 /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)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

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

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Rajiv Gandhi Main Road guideline value

The current guideline value of Rajiv Gandhi Main Road is Rs 505 per sq.ft, effective from 1 July 2024. This road is located in Thandalam village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rajiv Gandhi Main Road has changed

The guideline value for Rajiv Gandhi Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the latest 2024 revision raised it to Rs 505 per sq.ft, reflecting a 1% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Rajiv Gandhi Main Road above this median.

Stamp duty and registration fee for property in Rajiv Gandhi Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 505 per sq.ft, the total guideline value amounts to Rs 5,05,000. The stamp duty at 7% would be Rs 35,350, while the registration fee at 2% would be Rs 10,100, bringing the total cost together to Rs 45,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi Main Road?

The Rajiv Gandhi Main Road falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a fair value as per the local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Main Road?

The current guideline value of Rajiv Gandhi Main Road is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

What is the stamp duty for property in Rajiv Gandhi Main Road?

The stamp duty for property in Rajiv Gandhi Main Road is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Rajiv Gandhi Main Road?

The Sriperumpudur Sub Registrar Office handles registrations for Rajiv Gandhi Main Road, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the median guideline value for streets in Thandalam?

The median guideline value for the 36 streets in Thandalam is Rs 400 per sq.ft, with Rajiv Gandhi Main Road being above this median at Rs 505 per sq.ft.