Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar

₹275/sq.ft.

The guideline value for Rajiv Gandhi Nagar in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirungavoor

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹21 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
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 Sirungavoor village under the Redhills SRO, is Rs 275 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

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 value was Rs 21 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2007. Following this, the value jumped to Rs 250 per sq.ft in 2012, but then decreased to Rs 167 per sq.ft in 2017. The value rose again to Rs 250 per sq.ft in 2023, and is now Rs 275 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2003 to 2024, the overall increase in guideline value is 1210%. The most notable changes include a 376% increase from 2003 to 2007 and a 50% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 275 per sq.ft, placing Rajiv Gandhi Nagar's current guideline value at the 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 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, together totaling Rs 24,750. 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 Rajiv Gandhi Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Sirungavoor. It is used to determine the stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all property transactions are conducted transparently and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar?

The current guideline value of Rajiv Gandhi Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 21 per sq.ft in 2003 and reaching Rs 275 per sq.ft in 2024. Notable changes include a 376% increase from 2003 to 2007 and a 50% increase from 2017 to 2023.

What are the other streets with similar guideline values in Sirungavoor?

Other streets in Sirungavoor, such as Rajiv Gandhi Nagar Phase-I, Phase-II, Phase-III, and Phase-IV, also have a guideline value of Rs 275 per sq.ft. Additionally, Parvathi Nagar Extn.1 is at the same rate, while Parvathi Nagar Annex-II has a lower guideline value of Rs 220 per sq.ft.

How is stamp duty calculated for properties in Rajiv Gandhi Nagar?

Stamp duty for properties in Rajiv Gandhi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,75,000 would incur a stamp duty of Rs 19,250 at 7%.

Which office handles property registrations in Rajiv Gandhi Nagar?

The Redhills Sub Registrar Office handles property registrations in Rajiv Gandhi Nagar. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.