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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Phase-II

₹275/sq.ft.

The guideline value for Rajiv Gandhi Nagar Phase-ii 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-ii

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Rajiv Gandhi Nagar Phase-II guideline value

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

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

The guideline value for Rajiv Gandhi Nagar Phase-II has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it then decreased to Rs 167 per sq.ft in 2017. The value rose again to Rs 250 per sq.ft in 2023, and most recently, it has been revised to Rs 275 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

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. The median value is Rs 275 per sq.ft, which is equal to the current guideline value of Rajiv Gandhi Nagar Phase-II.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total cost for these fees to Rs 24,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Rajiv Gandhi Nagar Phase-II is the Redhills Sub Registrar Office. The address is 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 in the registration process when buying or selling property in Sirungavoor. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Rajiv Gandhi Nagar Phase-II 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 from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, showing an overall increase of 175%.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 19,250, and the registration fee would be Rs 5,500, making the total fees Rs 24,750.

Which Sub Registrar Office is responsible for Rajiv Gandhi Nagar Phase-II?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that these costs are based on a fair and transparent value.