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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar B Block 1st Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar B Block 1st Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Rajarathinam Nagar B Block 1st Lane

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Rajarathinam Nagar B Block 1st Lane guideline value

The current guideline value of Rajarathinam Nagar B Block 1st Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Rajarathinam Nagar B Block 1st Lane has changed

The guideline value for Rajarathinam Nagar B Block 1st Lane has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,800 per sq.ft. This was followed by a significant decrease to Rs 1,206 per sq.ft in 2017. The value then increased to Rs 1,800 per sq.ft in 2023 and further rose to the current rate of Rs 1,900 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, comparing the 2012 figure to the 2024 figure, there is a 6% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, which indicates that the 2024 figure for Rajarathinam Nagar B Block 1st Lane is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar B Block 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total cost for these fees Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajarathinam Nagar B Block 1st Lane?

The Rajarathinam Nagar B Block 1st Lane falls under 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 when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar B Block 1st Lane?

The current guideline value of Rajarathinam Nagar B Block 1st Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft as of 2024, indicating that the guideline value for Rajarathinam Nagar B Block 1st Lane is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Rajarathinam Nagar B Block 1st Lane?

The Madhavaram Sub Registrar Office handles property registrations for Rajarathinam Nagar B Block 1st Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.