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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Phase-IV

₹275/sq.ft.

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

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Rajiv Gandhi Nagar Phase-IV guideline value

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

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

The guideline value for Rajiv Gandhi Nagar Phase-IV has undergone several revisions over the years. The earliest available revision is from 2007, where the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 167 per sq.ft in 2017, which is a reduction of 33%. The value saw a substantial increase of 50% to Rs 250 per sq.ft in the 2023 revision, and finally, it rose to Rs 275 per sq.ft in the 2024 revision, reflecting a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, the guideline value has increased by 175% from the 2007 revision to the 2024 revision.

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 guideline value for these streets is Rs 275 per sq.ft, which is the same as the 2024 figure for Rajiv Gandhi Nagar Phase-IV.

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

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 at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, leading to a total cost of Rs 24,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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

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

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

The guideline value is a crucial factor during the registration of property transactions in Sirungavoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue through these transactions.

Frequently asked questions

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

The current guideline value of Rajiv Gandhi Nagar Phase-IV 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, reflecting an overall increase of 175% over the years.

What is the stamp duty for property in Rajiv Gandhi Nagar Phase-IV?

The stamp duty for property in Rajiv Gandhi Nagar Phase-IV is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rajiv Gandhi Nagar Phase-IV located?

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

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, with the median being Rs 275 per sq.ft, which is the same as the guideline value for Rajiv Gandhi Nagar Phase-IV.