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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar C Block 1st Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar C 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 N/A
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 C Block 1st Lane

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Rajarathinam Nagar C Block 1st Lane guideline value

The current guideline value for Rajarathinam Nagar C 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 it falls under the Residential Class III Type - I land classification.

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

The guideline value for Rajarathinam Nagar C Block 1st Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, which is an increase of 6% from the 2023 revision of Rs 1,800 per sq.ft. Prior to that, the guideline value remained unchanged at Rs 1,800 per sq.ft from the 2012 revision to the 2023 revision.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 the Rajarathinam Nagar C Block 1st Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Rajarathinam Nagar C 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 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 and the sale price.

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

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

The Sub Registrar Office that covers Rajarathinam Nagar C Block 1st Lane 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 is a crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value as per the guidelines set by the government.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Rajarathinam Nagar C Block 1st Lane?

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

How much has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The value remained unchanged from 2012 to 2023, and increased by 6% from 2023 to 2024.

What is the land classification for Rajarathinam Nagar C Block 1st Lane?

Rajarathinam Nagar C Block 1st Lane is classified as Residential Class III Type - I.

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.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Rajarathinam Nagar C Block 1st Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.