Guideline Value for RAJA RATHINAM NAGAR

Raja Rathinam Nagar guideline value

The current guideline value of Raja Rathinam Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kovilkuppam village under the Manavalanagar SRO, classified as Residential Class II Type - I.

How the guideline value of Raja Rathinam Nagar has changed

The guideline value for Raja Rathinam Nagar has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value increased significantly to Rs 400 per sq.ft, reflecting a rise of 49% from the 2017 figure. The value has remained consistent at Rs 400 per sq.ft from 2023 to the current 2024 revision, showing a change of 0%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 400 per sq.ft, indicating no change during this period.

Guideline values in Kovilkuppam

Kovilkuppam village has a total of 68 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Raja Rathinam Nagar is above this median.

• Ramasamy Nagar: Rs 300 per sq.ft (2024)
• Revathy Garden: Rs 300 per sq.ft (2024)
• Rk Nagar: Rs 300 per sq.ft (2024)
• Sanjeevi Nagar: Rs 300 per sq.ft (2024)
• Pemmasani Avenue: Rs 300 per sq.ft (2024)
• Senthil Andavar Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Rathinam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 information.

Which Sub Registrar Office covers Raja Rathinam Nagar?

The Sub Registrar Office that covers Raja Rathinam Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kovilkuppam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on the official valuation of the property.

When a property is registered, the guideline value must be adhered to, and it serves as a reference point for both buyers and sellers. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Raja Rathinam Nagar?

The current guideline value of Raja Rathinam Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with a notable decrease from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, followed by an increase back to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Raja Rathinam Nagar?

Raja Rathinam Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the guideline values of other streets in Kovilkuppam?

Other streets in Kovilkuppam have a 2024 guideline value of Rs 300 per sq.ft, which is lower than that of Raja Rathinam Nagar.

Where is the Sub Registrar Office for Raja Rathinam Nagar located?

The Sub Registrar Office for Raja Rathinam Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.