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Guideline Value

Corporate

Guideline Value for Rajiv Nagar Main Road 4th Cross Street

₹2090/sq.ft.

The guideline value for Rajiv Nagar Main Road 4th Cross Street 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 4th Cross Street

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Rajiv Nagar Main Road 4th Cross Street guideline value

The current guideline value of Rajiv Nagar Main Road 4th Cross Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Rajiv Nagar Main Road 4th Cross Street has changed

The guideline value for Rajiv Nagar Main Road 4th Cross Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,273 per sq.ft. This increased significantly to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 2,090 per sq.ft, reflecting a 10% change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a guideline value for 2024, 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 current value for Rajiv Nagar Main Road 4th Cross Street.

Stamp duty and registration fee for property in Rajiv Nagar Main Road 4th Cross Street

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 fees 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 Main Road 4th Cross Street?

The Sub Registrar Office that covers Rajiv Nagar Main Road 4th Cross Street 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 of property transactions in Noombal. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that all transactions are recorded accurately and fairly according to the established rates.

When selling property, the guideline value helps determine the minimum value at which a property can be registered. This is important for both buyers and sellers to understand, as it influences the overall cost of the transaction and the fees involved.

Frequently asked questions

What is the current guideline value of Rajiv Nagar Main Road 4th Cross Street?

The current guideline value of Rajiv Nagar Main Road 4th Cross Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased 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. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for Rajiv Nagar Main Road 4th Cross Street?

Rajiv Nagar Main Road 4th Cross Street is classified as Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

Where can I find the registration office for properties in Noombal?

The registration office for properties in Noombal is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Rajiv Nagar Main Road 4th Cross Street?

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