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Guideline Value

Corporate

Guideline Value for Rajiv gandhi 1st Street

₹550/sq.ft.

The guideline value for Rajiv Gandhi 1st Street 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 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.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.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Rajiv Gandhi 1st Street

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Rajiv gandhi 1st Street guideline value

The current guideline value of Rajiv gandhi 1st Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajiv gandhi 1st Street has changed

The guideline value for Rajiv gandhi 1st Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 335 per sq.ft. In 2023, the value increased to Rs 500 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is a further increase of 10% from the previous year.

There are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which means that Rajiv gandhi 1st Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Rajiv gandhi 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv gandhi 1st Street?

The Sub Registrar Office that covers Rajiv gandhi 1st Street 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 a crucial factor when buying or selling property in Vengambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajiv gandhi 1st Street?

The current guideline value of Rajiv gandhi 1st Street 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 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, marking an overall increase of 64% from 2017 to 2024.

What is the land classification for Rajiv gandhi 1st Street?

Rajiv gandhi 1st Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Vengambakkam?

Stamp duty for properties in Vengambakkam is calculated based on the guideline value or the sale price, whichever is higher. It typically amounts to 7% of the guideline value, along with a registration fee of 2%.