Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar

₹550/sq.ft.

The guideline value for Rajiv Gandhi Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹38 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹367 /sq.ft.
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

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Rajiv Gandhi Nagar guideline value

The current guideline value of Rajiv Gandhi Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Rajiv Gandhi Nagar has changed

The guideline value for Rajiv Gandhi Nagar has undergone several revisions over the years. In 2002, the value was Rs 367 per sq.ft, which then changed to Rs 38 per sq.ft in 2003. Following that, the value increased significantly to Rs 200 per sq.ft in 2007, and then rose to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The value then increased to Rs 500 per sq.ft in 2023, and finally reached Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. The jump from 2007 to 2012 was 150%, and from 2003 to 2007, it was a substantial 426%. The overall change from 2002 to 2024 shows a 50% increase in the guideline value.

Guideline values in Pammathukulam

Pammathukulam village features 101 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value for Rajiv Gandhi Nagar.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can 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 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 Pammathukulam

The guideline value is a crucial factor when buying or selling property in Pammathukulam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently. When registering a property, the guideline value is typically used to calculate the applicable stamp duty and registration fees.

During the registration process, the guideline value helps in assessing the value of the property for taxation purposes. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction, as it is used to determine the fees that need to be paid to the registration office.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar?

The current guideline value of Rajiv Gandhi Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 367 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Rajiv Gandhi Nagar?

Rajiv Gandhi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Rajiv Gandhi Nagar?

The registration office for Rajiv Gandhi Nagar 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?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000.