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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar Third Main Road

₹440/sq.ft.

The guideline value for Rajiv Gandhi Nagar Third Main Road in Vengambakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vengambakkam

Village

Tambaram Joint 1

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Rajiv Gandhi Nagar Third Main Road

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Rajiv Gandhi Nagar Third Main Road guideline value

The current guideline value of Rajiv Gandhi Nagar Third Main Road is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Rajiv Gandhi Nagar Third Main Road has changed

The guideline value for Rajiv Gandhi Nagar Third Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, the value rebounded significantly in the 2023 revision to Rs 400 per sq.ft, and further increased to Rs 440 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from the 2012 revision to the current 2024 revision, there has been a net increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Rajiv Gandhi Nagar Third Main Road is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar Third Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Gandhi Nagar Third Main Road?

The Rajiv Gandhi Nagar Third Main Road falls under the jurisdiction of the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which ensures that the registration process is fair and transparent.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar Third Main Road?

The current guideline value of Rajiv Gandhi Nagar Third Main Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 revision at Rs 400 per sq.ft, dropping to Rs 268 per sq.ft in 2017, then rising to Rs 400 per sq.ft in 2023, and finally reaching Rs 440 per sq.ft in 2024.

What is the land classification for Rajiv Gandhi Nagar Third Main Road?

Rajiv Gandhi Nagar Third Main Road is classified as Residential Class I Type - III, indicating its suitability for residential development.

What other streets have guideline values in Vengambakkam?

Other streets in Vengambakkam under the Tambaram Joint 1 SRO have guideline values ranging from Rs 440 to Rs 550 per sq.ft for the year 2024.

Where can I find the Sub Registrar Office for Rajiv Gandhi Nagar Third Main Road?

The Sub Registrar Office covering Rajiv Gandhi Nagar Third Main Road is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.