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Guideline Value

Corporate

Guideline Value for Rajiv Nagar 2nd Main Road

₹2090/sq.ft.

The guideline value for Rajiv Nagar 2nd Main Road in Noombal village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Noombal

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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.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 Nagar 2nd Main Road

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Rajiv Nagar 2nd Main Road guideline value

The current guideline value of Rajiv Nagar 2nd Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Rajiv Nagar 2nd Main Road has changed

The guideline value for Rajiv Nagar 2nd Main Road has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,273 per sq.ft. This value increased to Rs 1,900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, 2012.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the current guideline value of Rajiv Nagar 2nd Main Road.

Stamp duty and registration fee for property in Rajiv Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajiv Nagar 2nd Main Road?

The Sub Registrar Office that covers Rajiv Nagar 2nd Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajiv Nagar 2nd Main Road?

The current guideline value of Rajiv Nagar 2nd Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64% to the current figure of Rs 2,090 per sq.ft in 2024. The value rose from Rs 1,273 per sq.ft in 2017 to Rs 1,900 per sq.ft in 2023, and then to Rs 2,090 per sq.ft in 2024.

What is the land classification for Rajiv Nagar 2nd Main Road?

Rajiv Nagar 2nd Main Road is classified as Residential Special Type - I under the Kunrathur SRO.

Where can I find the Sub Registrar Office for Rajiv Nagar 2nd Main Road?

The Sub Registrar Office for Rajiv Nagar 2nd Main Road is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Noombal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the correct amount is paid during the registration of property transactions in Noombal.