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Guideline Value

Corporate

Guideline Value for RajivGandhi 1st Street

₹850/sq.ft.

The guideline value for Rajivgandhi 1st Street in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 850 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹850 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[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 Rajivgandhi 1st Street

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RajivGandhi 1st Street guideline value

The current guideline value of RajivGandhi 1st Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class IV Type - II.

How the guideline value of RajivGandhi 1st Street has changed

Over the years, the guideline value for RajivGandhi 1st Street has seen significant changes. The 2007 revision recorded a value of Rs 250 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a substantial rise of 180%. However, the value then decreased to Rs 469 per sq.ft in the 2017 revision, a drop of 33%. The subsequent revisions saw the value rise again to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024, reflecting a 6% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 71%, bringing the value to Rs 800 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 240%, showcasing the fluctuations in property values over the years.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for RajivGandhi 1st Street is below this median.

Stamp duty and registration fee for property in RajivGandhi 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total to Rs 76,500. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers RajivGandhi 1st Street?

The Sub Registrar Office that covers RajivGandhi 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chembakkam

The guideline value plays a crucial role in the registration process of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs associated with the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of RajivGandhi 1st Street?

The current guideline value of RajivGandhi 1st Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 850 per sq.ft in 2024, reflecting an overall increase of 240% over the years.

What is the land classification of RajivGandhi 1st Street?

RajivGandhi 1st Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 76,500.

Which office handles registrations for RajivGandhi 1st Street?

The Selaiyur Sub Registrar Office handles registrations for RajivGandhi 1st Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.