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Guideline Value

Corporate

Guideline Value for Rajivgandhi Nagar Main Road

₹806/sq.ft.

The guideline value for Rajivgandhi Nagar Main Road in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 806 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹806 /sq.ft.
From 1-4-2023 ₹806 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Rajivgandhi Nagar Main Road

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Rajivgandhi Nagar Main Road guideline value

The current guideline value of Rajivgandhi Nagar Main Road is Rs 806 per sq.ft, effective from 1 July 2024. This road is located in Kovilpathagai village, under the Ambattur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Rajivgandhi Nagar Main Road has changed

The guideline value for Rajivgandhi Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 100%, bringing the value to Rs 806 per sq.ft. The 2023 revision maintained this value, and the current 2024 revision remains unchanged at Rs 806 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, making the current value of Rajivgandhi Nagar Main Road lower than the median.

Stamp duty and registration fee for property in Rajivgandhi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would amount to Rs 56,420, while the registration fee at 2% would be Rs 16,120. Together, the total cost for stamp duty and registration would be Rs 72,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajivgandhi Nagar Main Road?

The Sub Registrar Office that covers Rajivgandhi Nagar Main Road is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kovilpathagai

The guideline value is a critical factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajivgandhi Nagar Main Road?

The current guideline value of Rajivgandhi Nagar Main Road is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023 and remains the same in 2024.

What are the other streets in Kovilpathagai with the same guideline value?

Other streets in Kovilpathagai, such as Rajivgandhi Nagar 3rd, 4th, 5th, 6th, 7th, and 8th Streets, also have the same guideline value of Rs 806 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for Rajivgandhi Nagar Main Road?

The Sub Registrar Office for Rajivgandhi Nagar Main Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 8,06,000 would incur a stamp duty of Rs 56,420 at 7%.