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Guideline Value

Corporate

Guideline Value for RAJPARIES HARMONY NAGAR

₹2750/sq.ft.

The guideline value for Rajparies Harmony Nagar in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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
044-29510536
[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 Rajparies Harmony Nagar

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Rajparies Harmony Nagar guideline value

The current guideline value of Rajparies Harmony Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This locality is situated in Medavakkam village, falling under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Rajparies Harmony Nagar has changed

The guideline value for Rajparies Harmony Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 900 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has been set at Rs 2,750 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the value increased by 178%, but then it decreased by 33% from 2012 to 2017. Following this, there was a notable increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, the guideline value has increased by 206% from 2007 to 2024.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Rajparies Harmony Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Rajparies Harmony Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost Rs 2,47,500. 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 Rajparies Harmony Nagar?

The Sub Registrar Office that covers Rajparies Harmony Nagar is the Chennai South Joint I 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 details.

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

The guideline value is an essential factor during the registration of property transactions in Medavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajparies Harmony Nagar?

The current guideline value of Rajparies Harmony Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 900 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 206% over this period.

What are the other streets with guideline values in Medavakkam?

Other streets in Medavakkam include Raju Street and Rajiv Gandhi Street, both valued at Rs 2,200 per sq.ft in 2024, along with Ramaiya Nagar 1st Cross Street, 2nd Cross Street, and Main Road, all at Rs 2,750 per sq.ft.

What are the stamp duty and registration fees for a property in Rajparies Harmony Nagar?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Rajparies Harmony Nagar located?

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