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Guideline Value

Corporate

Guideline Value for Raja Rajeshwari Nagar Main Road 6th Street

₹2200/sq.ft.

The guideline value for Raja Rajeshwari Nagar Main Road 6th 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 Main Road 6th Street

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Raja Rajeshwari Nagar Main Road 6th Street guideline value

The current guideline value for Raja Rajeshwari Nagar Main Road 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Raja Rajeshwari Nagar Main Road 6th Street has changed

The guideline value for Raja Rajeshwari Nagar Main Road 6th Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, and the latest 2024 revision increased it to Rs 2,200 per sq.ft, marking a significant increase of 64% over this period. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

From the 2017 revision to the 2024 revision, the guideline value rose from Rs 1,340 to Rs 2,200 per sq.ft. This indicates a substantial change in the valuation of properties in this area over the seven-year period.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,750 per sq.ft, making the current value for Raja Rajeshwari Nagar Main Road 6th Street below that median.

Stamp duty and registration fee for property in Raja Rajeshwari Nagar Main Road 6th 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Raja Rajeshwari Nagar Main Road 6th Street?

The Sub Registrar Office that covers Raja Rajeshwari Nagar Main Road 6th Street is 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 information.

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 properties can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both buyers and sellers adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Raja Rajeshwari Nagar Main Road 6th Street?

The current guideline value for Raja Rajeshwari Nagar Main Road 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of 64%.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is higher than the current value for Raja Rajeshwari Nagar Main Road 6th Street.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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 of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.