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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar C Block 2nd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar C 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 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 2nd Lane

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Rajarathinam Nagar C Block 2nd Lane guideline value

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

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

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,800 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,900 per sq.ft, marking a 6% rise from the previous year. The register has no 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%. This change reflects the transition from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have 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 C Block 2nd Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Rajarathinam Nagar C 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 is 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, totaling Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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

The Rajarathinam Nagar C 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 information.

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

The guideline value plays a crucial role during property registration in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

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

The current guideline value of Rajarathinam Nagar C 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 seen an increase from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, marking a 6% rise. There was no change in the value from 2012 to 2023.

What are the other guideline values in Kodungaiyur?

In Kodungaiyur, the guideline values range from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. Rajarathinam Nagar C Block 2nd Lane's value is below this median.

What fees are associated with buying property in Rajarathinam Nagar C Block 2nd Lane?

When buying property, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,71,000.

Which office should I contact for registration in Rajarathinam Nagar C Block 2nd Lane?

The Madhavaram Sub Registrar Office covers Rajarathinam Nagar C Block 2nd Lane. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.