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Guideline Value

Corporate

Guideline Value for Rajiv Nagar Main Road (2nd)

₹2090/sq.ft.

The guideline value for Rajiv Nagar Main Road (2nd) 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 Main Road (2nd)

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Rajiv Nagar Main Road (2nd) guideline value

The current guideline value of Rajiv Nagar Main Road (2nd) 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 Main Road (2nd) has changed

The guideline value for Rajiv Nagar Main Road (2nd) has seen significant changes over the years. In the 2017 revision, the value was Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, marking a 10% increase from the previous year and a total increase of 64% from 2017.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a notable rise in the guideline value during that period.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, which is the same as the guideline value for Rajiv Nagar Main Road (2nd).

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value comes 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, totaling 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 Main Road (2nd)?

The Sub Registrar Office that covers Rajiv Nagar Main Road (2nd) 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 is an essential factor in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the land classification of Rajiv Nagar Main Road (2nd)?

Rajiv Nagar Main Road (2nd) is classified as Residential Special Type - I under the guideline value register.

Where can I find the registration office for Rajiv Nagar Main Road (2nd)?

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

How is the stamp duty calculated for properties in Noombal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 at a rate of 7%.