Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar

₹850/sq.ft.

The guideline value for Rajiv Gandhi Nagar in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 850 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹850 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[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

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Rajiv Gandhi Nagar guideline value

The current guideline value of Rajiv Gandhi Nagar is Rs 850 per sq.ft, effective from 1 July 2024. This area is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class IV Type - II.

How the guideline value of Rajiv Gandhi Nagar has changed

The guideline value for Rajiv Gandhi Nagar has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, this was followed by a decrease to Rs 469 per sq.ft in 2017. The value then rose to Rs 800 per sq.ft in 2023, and currently stands at Rs 850 per sq.ft as per the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 71%, while from 2012 to 2017, it saw a decrease of 33%. The substantial increase from 2007 to 2012 was 180%. Overall, from 2007 to 2024, the guideline value has increased by 240%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Rajiv Gandhi Nagar is below this median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, and the registration fee at 2% would be Rs 17,000, making the total fees together Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Nagar?

The Sub Registrar Office that covers Rajiv Gandhi Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chembakkam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This helps in avoiding any legal issues that may arise due to discrepancies in property valuation.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar?

The current guideline value of Rajiv Gandhi Nagar is Rs 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 250 per sq.ft in 2007 to Rs 850 per sq.ft in 2024, showing a significant overall increase of 240% from 2007 to 2024.

What are the stamp duty and registration fees for properties in Rajiv Gandhi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,50,000, the total fees would amount to Rs 76,500.

Which Sub Registrar Office covers Rajiv Gandhi Nagar?

The Selaiyur Sub Registrar Office covers Rajiv Gandhi Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Rajiv Gandhi Nagar?

Rajiv Gandhi Nagar is classified as Residential Class IV Type - II, indicating its usage for residential purposes.