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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar B Block 4th Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar B Block 4th 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 4th Lane

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Rajarathinam Nagar B Block 4th Lane guideline value

The current guideline value for Rajarathinam Nagar B Block 4th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar B Block 4th Lane has changed

The guideline value for Rajarathinam Nagar B Block 4th Lane has seen several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,206 per sq.ft. However, the value rebounded significantly in the following revisions, reaching Rs 1,800 per sq.ft in 2023 and then increasing to Rs 1,900 per sq.ft in 2024.

From 2012 to 2017, the guideline value decreased by 33%. Following this, there was a remarkable increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%.

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 this area is Rs 2,700 per sq.ft, placing the 2024 figure for Rajarathinam Nagar B Block 4th Lane below that median.

Stamp duty and registration fee for property in Rajarathinam Nagar B Block 4th 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, bringing the total to 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 calculate the fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam Nagar B Block 4th Lane?

The Rajarathinam Nagar B Block 4th Lane falls under the jurisdiction of 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 property transactions in Kodungaiyur, as it determines the minimum price at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Ensuring compliance with these values helps in avoiding legal issues during the registration process.

Frequently asked questions

What is the current guideline value for Rajarathinam Nagar B Block 4th Lane?

The current guideline value for Rajarathinam Nagar B Block 4th 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 land classification for Rajarathinam Nagar B Block 4th Lane?

The land classification for Rajarathinam Nagar B Block 4th Lane is Residential Class III Type - I.

What is the registration office for properties in this area?

The registration office for properties in Rajarathinam Nagar B Block 4th Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Rajarathinam Nagar B Block 4th Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 19,00,000, leading to a stamp duty of Rs 1,33,000.