Guideline Value for Rajarathinam Nagar 8th Street

Rajarathinam Nagar 8th Street guideline value

The current guideline value of Rajarathinam Nagar 8th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajarathinam Nagar 8th Street has changed

The guideline value register for Rajarathinam Nagar 8th Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

As there are no changes recorded between the revisions for this street, it remains at Rs 2,200 per sq.ft as per the latest revision effective from 1 July 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are a total of 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 guideline value for these streets is Rs 2,700 per sq.ft, placing Rajarathinam Nagar 8th Street's 2024 figure below the median.

• Rajarathinam Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Rajarathinam Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Rajarathinam Nagar B Block 1st Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Rajarathinam Nagar B Block 2nd Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar 5th Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam Nagar 8th 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 fees together to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Rajarathinam Nagar 8th Street?

The Sub Registrar Office that covers Rajarathinam Nagar 8th Street is 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 plays a crucial role when buying or selling property in Kodungaiyur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value is set by the Registration Department and reflects the value of the property for official purposes.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that is recognized by the authorities. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar 8th Street?

The current guideline value of Rajarathinam Nagar 8th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value for this street?

There have been no changes in the guideline value for Rajarathinam Nagar 8th Street as the register shows no figures for the years prior to the 2024 revision.

What is the land classification for Rajarathinam Nagar 8th Street?

The land classification for Rajarathinam Nagar 8th Street is Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

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

How is stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically charged at 7%, while the registration fee is charged at 2% of the guideline value.