Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar B Block 2nd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar B Block 2nd 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 2nd Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Rajarathinam Nagar B Block 2nd Lane guideline value

The current guideline value of Rajarathinam Nagar B Block 2nd Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village and falls under the Madhavaram SRO with a land classification of Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar B Block 2nd Lane has changed

The guideline value for Rajarathinam Nagar B Block 2nd Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has set it at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

In summary, from the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a modest increase of 6%. 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. The median guideline value in the area is Rs 2,700 per sq.ft, placing Rajarathinam Nagar B Block 2nd Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Rajarathinam Nagar B Block 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, resulting in a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam Nagar B Block 2nd Lane?

The Rajarathinam Nagar B Block 2nd Lane is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives due revenue based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar B Block 2nd Lane?

The current guideline value of Rajarathinam Nagar B Block 2nd 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 increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the registration fee for property in Rajarathinam Nagar B Block 2nd Lane?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 19,00,000, the registration fee would be Rs 38,000 at a rate of 2%.

Which office handles property registrations in this area?

The Madhavaram Sub Registrar Office handles property registrations for Rajarathinam Nagar B Block 2nd Lane. The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Rajarathinam Nagar B Block 2nd Lane?

The land classification for Rajarathinam Nagar B Block 2nd Lane is Residential Class III Type - I, indicating its suitability for residential development.