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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar

₹1320/sq.ft.

The guideline value for Rajiv Gandhi Nagar in Kovur village (Kunrathur SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹366 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹50 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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

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Rajiv Gandhi Nagar guideline value

The current guideline value of Rajiv Gandhi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This locality is situated in Kovur village, under the Kunrathur SRO, and is classified as Residential Special 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 2003, the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 366 per sq.ft in 2007, marking a change of +632%. The value then rose to Rs 1,200 per sq.ft in 2012, reflecting an increase of +228%. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a change of -33%. The following revision in 2023 saw a considerable increase to Rs 1,200 per sq.ft, which was a +49% change. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, representing a +10% increase from the previous year.

The register has no figure for this street in 2002.

Guideline values in Kovur

Kovur village has a total of 91 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the 2024 figure for Rajiv Gandhi Nagar 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kovur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar?

The current guideline value of Rajiv Gandhi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has changed from Rs 50 per sq.ft to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +2540% over the years.

What is the land classification for Rajiv Gandhi Nagar?

Rajiv Gandhi Nagar is classified as Residential Special Type - II, which influences its guideline value and property usage.

What are the stamp duty rates for properties in Rajiv Gandhi Nagar?

The stamp duty rate for properties in Rajiv Gandhi Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers the registration for Rajiv Gandhi Nagar.