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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Pandiyan Street

₹3850/sq.ft.

The guideline value for Rajiv Gandhi Nagar Pandiyan Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Pandiyan Street

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Rajiv Gandhi Nagar Pandiyan Street guideline value

The current guideline value of Rajiv Gandhi Nagar Pandiyan 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 Pandiyan Street has changed

Over the years, the guideline value of Rajiv Gandhi Nagar Pandiyan Street has seen significant changes. The earliest recorded revision was in 2007, where the guideline value was Rs 1,500 per sq.ft. This value increased to Rs 2,345 per sq.ft in the 2017 revision, reflecting a change of +56%. The most recent revision in 2024 saw the guideline value rise to Rs 3,850 per sq.ft, marking an increase of +64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by +157%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2012, and 2023 for Rajiv Gandhi Nagar Pandiyan Street. This lack of data indicates that the street's value remained unassessed during those revisions.

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. The median guideline value for these streets is Rs 4,400 per sq.ft, which means that the guideline value of Rajiv Gandhi Nagar Pandiyan Street is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Pandiyan 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, while the registration fee at 2% would be Rs 77,000. Together, the total fees would be Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi Nagar Pandiyan Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar Pandiyan 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 details.

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

The guideline value plays a crucial role in property transactions in Velachery. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that all property transactions are assessed fairly based on the established guideline values.

During the registration process, buyers and sellers must refer to the guideline value to understand the financial implications of their property transaction. This value helps in calculating the total costs involved in the registration of the property.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, which is an overall increase of +157%.

Are there any years with no recorded guideline values for this street?

Yes, there are no recorded guideline values for Rajiv Gandhi Nagar Pandiyan Street in the years 2002, 2003, 2012, and 2023.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft property, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500 based on the current guideline value.

Which office handles registrations for Rajiv Gandhi Nagar Pandiyan Street?

The Velacheri Sub Registrar Office handles registrations for Rajiv Gandhi Nagar Pandiyan Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.