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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar 3rd Street

₹2400/sq.ft.

The guideline value for Rajiv Gandhi Nagar 3rd Street in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Rajiv Gandhi Nagar 3rd Street

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Rajiv Gandhi Nagar 3rd Street guideline value

The current guideline value of Rajiv Gandhi Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - I.

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

Since the 2012 revision, the guideline value for Rajiv Gandhi Nagar 3rd Street has seen notable changes. The value was Rs 2,200 per sq.ft in 2012, which decreased to Rs 1,474 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,200 per sq.ft in 2023, and then to Rs 2,400 per sq.ft in 2024. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

From 2017 to 2023, there was a 49% increase in the guideline value, followed by a 9% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Rajiv Gandhi Nagar 3rd Street above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total Rs 2,16,000. 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 Rajiv Gandhi Nagar 3rd Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. If the sale price is lower than the guideline value, the stamp duty will be based on the guideline value instead of the sale price, ensuring compliance with legal requirements.

Frequently asked questions

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

The current guideline value of Rajiv Gandhi Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

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

Rajiv Gandhi Nagar 3rd Street is classified as Residential Special Type - I.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Rajiv Gandhi Nagar 3rd Street?

The Ambattur Sub Registrar Office handles registrations for Rajiv Gandhi Nagar 3rd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.