Guideline Value for Rajiv gandhi 1st Main Road
₹550/sq.ft.
The guideline value for Rajiv Gandhi 1st Main Road in Vengambakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Vengambakkam
Village
Tambaram Joint 1
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹550 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹335 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹500 /sq.ft. |
| 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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Rajiv Gandhi 1st Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Rajiv gandhi 1st Main Road guideline value
The current guideline value of Rajiv gandhi 1st Main Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Vengambakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.
How the guideline value of Rajiv gandhi 1st Main Road has changed
The guideline value for Rajiv gandhi 1st Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, when the guideline value was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. In 2023, the value increased to Rs 500 per sq.ft, and the most recent revision in 2024 set the value at Rs 550 per sq.ft. There are no figures available for the years 2002, 2003, and 2007.
Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10%.
Guideline values in Vengambakkam
In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft, where the median value is Rs 770 per sq.ft. The guideline value of Rajiv gandhi 1st Main Road is below this median.
- Rajiv gandhi 1st Street: Rs 550 per sq.ft (2024)
- Rajiv gandhi 2nd Main Road: Rs 550 per sq.ft (2024)
- Rajiv Gandhi 2nd street: Rs 550 per sq.ft (2024)
- Rajiv gandhi 3rd Main Road: Rs 550 per sq.ft (2024)
- Rajiv Gandhi Nagar Third Main Road: Rs 440 per sq.ft (2024)
- Poonga Street: Rs 440 per sq.ft (2024)
Stamp duty and registration fee for property in Rajiv gandhi 1st Main Road
For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can use the stamp duty and registration fee calculator for more detailed calculations.
Which Sub Registrar Office covers Rajiv gandhi 1st Main Road?
The Sub Registrar Office that covers Rajiv gandhi 1st Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Vengambakkam
The guideline value is an essential factor during the registration of property transactions in Vengambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.
When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.
Frequently asked questions
What is the current guideline value of Rajiv gandhi 1st Main Road?
The current guideline value of Rajiv gandhi 1st Main Road is Rs 550 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft in 2024.
What is the land classification for Rajiv gandhi 1st Main Road?
Rajiv gandhi 1st Main Road is classified as Residential Class I Type - II.
What are the stamp duty rates for properties in this area?
The stamp duty rate for properties in this area is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.
Which Sub Registrar Office should I visit for transactions on Rajiv gandhi 1st Main Road?
The Tambaram Joint 1 Sub Registrar Office covers Rajiv gandhi 1st Main Road, located at No.26, mes Road, East Tambaram, Chennai-600059.
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