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

Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Phase-III

₹275/sq.ft.

The guideline value for Rajiv Gandhi Nagar Phase-iii in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirungavoor

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Phase-iii

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 Phase-III guideline value

The current guideline value of Rajiv Gandhi Nagar Phase-III is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Sirungavoor village and falls under the Redhills SRO. The land classification is Residential Class I Type - I.

How the guideline value of Rajiv Gandhi Nagar Phase-III has changed

Over the years, the guideline value of Rajiv Gandhi Nagar Phase-III has seen several revisions. The earliest recorded figure is from 2007, which was Rs 100 per sq.ft. This increased to Rs 250 per sq.ft in 2012, marking a significant rise of 150%. However, it then decreased to Rs 167 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 250 per sq.ft in 2023, and most recently to Rs 275 per sq.ft in 2024, which is a 10% increase from the previous year. The overall change from 2007 to 2024 is an increase of 175%.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The revisions indicate a pattern of fluctuations in the guideline value, influenced by various market factors over the years.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with the median being Rs 275 per sq.ft. Rajiv Gandhi Nagar Phase-III's guideline value aligns with this median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty is calculated at 7%, which comes to Rs 19,250, and the registration fee is 2%, equating to Rs 5,500. Therefore, the total cost for stamp duty and registration fee together is Rs 24,750. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Nagar Phase-III?

The Sub Registrar Office that covers Rajiv Gandhi Nagar Phase-III is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Sirungavoor. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum price at which a property can be registered. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar Phase-III?

The current guideline value of Rajiv Gandhi Nagar Phase-III is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 100 per sq.ft in 2007 and reaching Rs 275 per sq.ft in 2024. Notable changes include a rise to Rs 250 per sq.ft in 2012 and a decrease to Rs 167 per sq.ft in 2017.

What are the guideline values for other streets in Sirungavoor?

Other streets in Sirungavoor have guideline values ranging from Rs 220 to Rs 1,500 per sq.ft. Notably, Rajiv Gandhi Nagar Phase-II, Phase-III, Phase-IV, and Rajiv Gandhi Nagar all share the same guideline value of Rs 275 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Rajiv Gandhi Nagar Phase-III?

The stamp duty for a property valued at Rs 2,75,000 is Rs 19,250, and the registration fee is Rs 5,500, totaling Rs 24,750 for a 1,000 sq.ft plot at the current guideline value.

Which office handles registrations for Rajiv Gandhi Nagar Phase-III?

The Redhills Sub Registrar Office handles registrations for Rajiv Gandhi Nagar Phase-III, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.