Guideline Value

Corporate

Guideline Value for RAJA NAGAR

₹660/sq.ft.

The guideline value for Raja Nagar in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /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 ₹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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Raja Nagar

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Raja Nagar guideline value

The current guideline value of Raja Nagar, located in Koladi village under the Chennai South Joint II SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Raja Nagar has changed

Over the years, the guideline value of Raja Nagar has seen several revisions. Starting from the 2007 revision, the value was Rs 250 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 140% increase. However, in the 2017 revision, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The 2023 revision saw a rise to Rs 600 per sq.ft, and finally, the current 2024 revision reflects a further increase to Rs 660 per sq.ft, which is a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 164%. The 2023 to 2024 change represents a 10% increase, while the 2017 to 2023 period saw a substantial increase of 49%.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Raja Nagar is below this median.

Stamp duty and registration fee for property in Raja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 accurate calculations.

Which Sub Registrar Office covers Raja Nagar?

The Raja Nagar area is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Koladi, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties comply with the legal requirements.

Additionally, the guideline value serves as a reference point for the government to assess property transactions and maintain transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure that they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Raja Nagar?

The current guideline value of Raja Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value of Raja Nagar has increased by 164%, from Rs 250 per sq.ft to Rs 660 per sq.ft in 2024.

What are the stamp duty rates for property in Raja Nagar?

The stamp duty for property in Raja Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Raja Nagar located?

The Sub Registrar Office covering Raja Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of Raja Nagar?

Raja Nagar falls under the Residential Class II Type - III land classification.