Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Main Road

₹550/sq.ft.

The guideline value for Rajiv Gandhi Nagar Main Road in Kaspapuram 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 - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kaspapuram

Village

Tambaram Joint 1

SRO

Residential Class I Type - III
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 ₹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)

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 Nagar Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Rajiv Gandhi Nagar Main Road guideline value

The current guideline value of Rajiv Gandhi Nagar Main Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Kaspapuram village, under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Rajiv Gandhi Nagar Main Road has changed

The guideline value for Rajiv Gandhi Nagar Main Road has seen 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. However, this was followed by a significant increase to Rs 500 per sq.ft in the 2023 revision, and the latest 2024 revision has further increased it to Rs 550 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

Kaspapuram has a total of 76 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 4,300 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Rajiv Gandhi Nagar Main Road's 2024 figure below that median.

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

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, resulting in a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Rajiv Gandhi Nagar Main Road?

The Rajiv Gandhi Nagar Main Road falls under 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 Kaspapuram

The guideline value is a crucial factor in property transactions in Kaspapuram. It serves as a benchmark for calculating stamp duty and registration fees when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Rajiv Gandhi Nagar Main Road is Rs 550 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 550 per sq.ft in 2024.

What is the land classification for Rajiv Gandhi Nagar Main Road?

Rajiv Gandhi Nagar Main Road is classified as Residential Class I Type - III.

What are the guideline values of other streets in Kaspapuram?

Other streets in Kaspapuram have guideline values ranging from Rs 440 to Rs 4,300 per sq.ft, with the median being Rs 1,100 per sq.ft.

Where can I find the Sub Registrar Office for Rajiv Gandhi Nagar Main Road?

The Tambaram Joint 1 Sub Registrar Office, which covers Rajiv Gandhi Nagar Main Road, is located at No.26, Mes Road, East Tambaram, Chennai-600059.