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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Amman Koil Street

₹3850/sq.ft.

The guideline value for Rajiv Gandhi Nagar Amman Koil Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Amman Koil Street

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Rajiv Gandhi Nagar Amman Koil Street guideline value

The current guideline value of Rajiv Gandhi Nagar Amman Koil Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Rajiv Gandhi Nagar Amman Koil Street has changed

Over the years, the guideline value of Rajiv Gandhi Nagar Amman Koil Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,500 per sq.ft. This increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 133%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value then rose sharply to Rs 3,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

The revisions for 2002 and 2003 do not have recorded figures for this street. Overall, from 2007 to 2024, the guideline value has increased by 157%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Rajiv Gandhi Nagar Amman Koil Street is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Please 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 Amman Koil Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar Amman Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Velachery, as it determines the official value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When you register a property, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties. Therefore, it is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar Amman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 157% over this period.

What is the land classification for Rajiv Gandhi Nagar Amman Koil Street?

The land classification for Rajiv Gandhi Nagar Amman Koil Street is Residential Class II Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Rajiv Gandhi Nagar Amman Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.