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Guideline Value

Corporate

Guideline Value for Raja Rajeshwari Nagar 4th Cross Street

₹2200/sq.ft.

The guideline value for Raja Rajeshwari Nagar 4th Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Rajeshwari Nagar 4th Cross Street

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Raja Rajeshwari Nagar 4th Cross Street guideline value

The current guideline value of Raja Rajeshwari Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Raja Rajeshwari Nagar 4th Cross Street has changed

The guideline value for Raja Rajeshwari Nagar 4th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street for the years 2003, 2007, 2012, and 2023. In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This figure increased significantly to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64% from the previous revision.

With the 2024 revision, the current guideline value reflects the most recent assessment. The street's value has seen a considerable increase since 2017, indicating a notable adjustment in the guideline value over the years.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which means that the current guideline value of Raja Rajeshwari Nagar 4th Cross Street is below this median.

Stamp duty and registration fee for property in Raja Rajeshwari Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Rajeshwari Nagar 4th Cross Street?

The Raja Rajeshwari Nagar 4th Cross Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is referenced during the registration process to calculate the applicable fees. Buyers should be aware that the registration fees and stamp duty are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Raja Rajeshwari Nagar 4th Cross Street?

The current guideline value of Raja Rajeshwari Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, marking a change of +64%.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is higher than the current guideline value of Raja Rajeshwari Nagar 4th Cross Street.

What are the stamp duty and registration fees for a property in Raja Rajeshwari Nagar 4th Cross Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Raja Rajeshwari Nagar 4th Cross Street?

The Velacheri Sub Registrar Office handles the registration for Raja Rajeshwari Nagar 4th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.