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Guideline Value

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Guideline Value for Rajiv Gandhi Street (Bharathiyar Nagar)

₹1700/sq.ft.

The guideline value for Rajiv Gandhi Street (bharathiyar Nagar) in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹102 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Street (bharathiyar Nagar)

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Rajiv Gandhi Street (Bharathiyar Nagar) guideline value

The current guideline value of Rajiv Gandhi Street (Bharathiyar Nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajiv Gandhi Street (Bharathiyar Nagar) has changed

The guideline value for Rajiv Gandhi Street has seen several revisions over the years. In 2003, the value was Rs 102 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2007, marking a change of +145%. The value then rose to Rs 1,500 per sq.ft in 2012, reflecting a substantial increase of +500%. However, it decreased to Rs 1,005 per sq.ft in 2017, a decline of -33%. The value increased again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,700 per sq.ft, indicating a rise of +13%.

Overall, from 2003 to 2024, the guideline value has increased by +1567%. The register has no figure for this street for the year 2002.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Rajiv Gandhi Street's 2024 figure below that median.

Stamp duty and registration fee for property in Rajiv Gandhi Street (Bharathiyar Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 Street (Bharathiyar Nagar)?

The Sub Registrar Office that covers Rajiv Gandhi Street (Bharathiyar Nagar) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Neelankarai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the sale price.

When buying or selling property, the guideline value helps both parties understand the minimum value assigned to the property, which is crucial for legal and financial documentation. It is important to refer to the latest guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Rajiv Gandhi Street (Bharathiyar Nagar)?

The current guideline value for Rajiv Gandhi Street (Bharathiyar Nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 102 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, marking an overall increase of +1567%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Rajiv Gandhi Street (Bharathiyar Nagar)?

The Neelankarai Sub Registrar Office handles registrations for Rajiv Gandhi Street (Bharathiyar Nagar), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the range of guideline values for other streets in Neelankarai?

The guideline values for other streets in Neelankarai range from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft.