Guideline Value for Rajarathinam Nagar 7th Street

Rajarathinam Nagar 7th Street guideline value

The current guideline value of Rajarathinam Nagar 7th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajarathinam Nagar 7th Street has changed

The guideline value for Rajarathinam Nagar 7th Street has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. This figure increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64% from the previous revision.

There are no figures available for this street in the revisions for the years 2023, 2012, 2007, 2003, and 2002. Thus, the only revisions with figures are from 2017 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Rajarathinam Nagar 7th Street's 2024 figure below that median.

• Rajarathinam Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Rajarathinam Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Rajarathinam Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Rajarathinam Nagar 5th Main Road: Rs 2,200 per sq.ft (2024)
• Rajarathinam Nagar B Block 1st Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 1,98,000. 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 precise calculations.

Which Sub Registrar Office covers Rajarathinam Nagar 7th Street?

The Rajarathinam Nagar 7th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Kodungaiyur, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the completion of the sale.

It is essential for both buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar 7th Street?

The current guideline value of Rajarathinam Nagar 7th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

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

Are there any revisions without figures for Rajarathinam Nagar 7th Street?

Yes, the register has no figures for Rajarathinam Nagar 7th Street in the revisions for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft, which means that Rajarathinam Nagar 7th Street's value is below this median.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can visit this office for registration-related services.