Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar C Block 5thLane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar C Block 5thlane 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 C Block 5thlane

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Rajarathinam Nagar C Block 5thLane guideline value

The current guideline value of Rajarathinam Nagar C Block 5th 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 5thLane has changed

The guideline value for Rajarathinam Nagar C Block 5th Lane has seen several revisions over the years. The earliest recorded revision was in 2012, when the value was Rs 1,800 per sq.ft. In 2017, it decreased to Rs 1,206 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,800 per sq.ft in 2023, and further rose to Rs 1,900 per sq.ft in 2024, representing a 6% increase from the previous year.

From 2012 to 2023, the guideline value increased by 49% from Rs 1,206 per sq.ft to Rs 1,800 per sq.ft. Overall, from 2012 to 2024, the guideline value has seen a marginal increase of 6% from Rs 1,800 per sq.ft to Rs 1,900 per sq.ft. 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 in 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Rajarathinam Nagar C Block 5th Lane below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar C Block 5thLane

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

Which Sub Registrar Office covers Rajarathinam Nagar C Block 5thLane?

The Rajarathinam Nagar C Block 5th Lane falls under 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

When buying or selling property in Kodungaiyur, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

Additionally, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for property transactions. This ensures that all parties comply with the legal requirements set forth by the registration department.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar C Block 5th Lane?

The current guideline value of Rajarathinam Nagar C Block 5th 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 land classification of Rajarathinam Nagar C Block 5th Lane?

The land classification for Rajarathinam Nagar C Block 5th Lane is Residential Class III Type - I.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur with the same guideline value of Rs 1,900 per sq.ft include Rajarathinam Nagar C Block 4th Lane, Rajarathinam Nagar D Block 1st Lane, Rajarathinam Nagar C Block 3rd Lane, Rajarathinam Nagar D Block 2nd Lane, Rajarathinam Nagar C Block 2nd Lane, and Rajarathinam Nagar D Block 3rd Lane.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.