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Guideline Value

Corporate

Guideline Value for RAJARAM METHA NAGAR - SINGARAYAN STREET

₹6600/sq.ft.

The guideline value for Rajaram Metha Nagar - Singarayan Street in Vadaagaram village (Kodambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaagaram

Village

Kodambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Rajaram Metha Nagar - Singarayan Street

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Rajaram Metha Nagar - Singarayan Street guideline value

The current guideline value for Rajaram Metha Nagar - Singarayan Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Rajaram Metha Nagar - Singarayan Street has changed

The guideline value for Rajaram Metha Nagar - Singarayan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 6,000 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,600 per sq.ft, which is the same as the guideline value for Rajaram Metha Nagar - Singarayan Street. Below are the guideline values for other streets in Vadaagaram:

Stamp duty and registration fee for property in Rajaram Metha Nagar - Singarayan Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaram Metha Nagar - Singarayan Street?

The Sub Registrar Office that covers Rajaram Metha Nagar - Singarayan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vadaagaram. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value for Rajaram Metha Nagar - Singarayan Street?

The current guideline value for Rajaram Metha Nagar - Singarayan Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,200 per sq.ft in 2007, rising to Rs 6,600 per sq.ft in 2024, with fluctuations in between.

What is the land classification for this street?

Rajaram Metha Nagar - Singarayan Street is classified as Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Rajaram Metha Nagar - Singarayan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.