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Guideline Value

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Guideline Value for Rajiv Gandhi Nagar Phase-I

₹275/sq.ft.

The guideline value for Rajiv Gandhi Nagar Phase-i 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 ₹19 /sq.ft.
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-i

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Rajiv Gandhi Nagar Phase-I guideline value

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

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

The guideline value for Rajiv Gandhi Nagar Phase-I has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 19 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in 2007, marking a 426% rise. The value then jumped to Rs 250 per sq.ft in 2012, which was a 150% increase from the previous revision. However, it decreased to Rs 167 per sq.ft in 2017, reflecting a 33% decline. The guideline value rose again to Rs 250 per sq.ft in 2023, and most recently, it has increased to Rs 275 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by a substantial 1347%. It is important to note that there is no figure available for the year 2002 in the register 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 for these streets is Rs 275 per sq.ft, which is equal to the guideline value for Rajiv Gandhi Nagar Phase-I.

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

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, bringing the total cost for these fees to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Rajiv Gandhi Nagar Phase-I is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit 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 that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying, while sellers should consider it to set a competitive price for their property.

Frequently asked questions

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

The current guideline value for Rajiv Gandhi Nagar Phase-I 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 19 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 1347% over this period.

What is the registration office for Rajiv Gandhi Nagar Phase-I?

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

How is stamp duty calculated for properties in Rajiv Gandhi Nagar Phase-I?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 275 per sq.ft, the stamp duty would be Rs 19,250.

Are there other streets in Sirungavoor with the same guideline value?

Yes, there are several other streets in Sirungavoor with the same guideline value of Rs 275 per sq.ft, including Rajiv Gandhi Nagar Phase-II, Phase-III, Phase-IV, and others.