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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Rajiv Nagar Anna Street

₹3850/sq.ft.

The guideline value for Rajiv Gandhi Nagar Rajiv Nagar Anna Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
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 N/A
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 Rajiv Nagar Anna Street

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Rajiv Gandhi Nagar Rajiv Nagar Anna Street guideline value

The current guideline value of Rajiv Gandhi Nagar Rajiv Nagar Anna 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 with a land classification of Residential Class II Type - III.

How the guideline value of Rajiv Gandhi Nagar Rajiv Nagar Anna Street has changed

The guideline value for Rajiv Gandhi Nagar Rajiv Nagar Anna Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 2,345 per sq.ft, which reflects a significant increase of +49% when compared to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by +64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and the current 2024 revision.

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 in this area is Rs 4,400 per sq.ft, indicating that the 2024 figure for Rajiv Gandhi Nagar Rajiv Nagar Anna Street is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Rajiv Nagar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rajiv Gandhi Nagar Rajiv Nagar Anna Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar Rajiv Nagar Anna 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 information.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which properties must be registered. When a buyer purchases a property, the registration fees and stamp duty are calculated based on this value, ensuring that the government receives the appropriate revenue from the transaction.

It is essential for both buyers and sellers to be aware of the guideline value, as it can significantly impact the overall costs involved in the property transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, and then to Rs 3,850 per sq.ft in 2024. This reflects an overall increase of +64% from 2017 to 2024.

What is the land classification for this street?

The land classification for Rajiv Gandhi Nagar Rajiv Nagar Anna Street is Residential Class II Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Rajiv Gandhi Nagar Rajiv Nagar Anna Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,46,500.