Guideline Value for Rahman Nagar

Rahman Nagar guideline value

The current guideline value of Rahman Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Rahman Nagar has changed

The guideline value for Rahman Nagar has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 2,500 per sq.ft, and in the 2024 revision, it increased to Rs 2,700 per sq.ft, marking an 8% rise.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for the village is Rs 2,700 per sq.ft, which is equal to the current value for Rahman Nagar.

• Raghavan Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Raghavan Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Raghavan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Ragavendra Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Ragavendra Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Ragavan Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rahman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers Rahman Nagar?

The Sub Registrar Office that covers Rahman Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with the registration requirements. This value is regularly updated and reflects the prevailing market conditions in the area.

Frequently asked questions

What is the current guideline value of Rahman Nagar?

The current guideline value of Rahman Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rahman Nagar was Rs 2,500 per sq.ft in 2023 and increased to Rs 2,700 per sq.ft in 2024, marking an 8% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Kodungaiyur?

The guideline values for other streets in Kodungaiyur are also Rs 2,700 per sq.ft for several streets, including Raghavan Nagar Main Road, Raghavan Nagar 2nd Street, Raghavan Nagar 1st Street, Ragavendra Nagar Main Road, Ragavendra Nagar 1st Street, and Ragavan Street.

What are the stamp duty and registration fees for property in Rahman Nagar?

The stamp duty for a property valued at Rs 27,00,000 would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rahman Nagar located?

The Madhavaram Sub Registrar Office, which covers Rahman Nagar, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.