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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar D Block 1st Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar D 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 D Block 1st Lane

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Rajarathinam Nagar D Block 1st Lane guideline value

The current guideline value of Rajarathinam Nagar D 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, classified as Residential Class III Type - I.

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

The guideline value for Rajarathinam Nagar D Block 1st Lane has seen revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged in the 2023 revision. The latest revision in 2024 increased the guideline value to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

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

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry 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 D Block 1st Lane below this median.

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

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

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

The Sub Registrar Office that covers Rajarathinam Nagar D Block 1st Lane is 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 when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the value of the property as per government regulations.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar D Block 1st Lane?

The current guideline value of Rajarathinam Nagar D 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?

The guideline value has increased by 6% from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024. From the 2012 revision to the 2024 revision, the overall increase is also 6%.

What are the stamp duty and registration fees for property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Rajarathinam Nagar D Block 1st Lane?

The Madhavaram Sub Registrar Office handles registrations for Rajarathinam Nagar D Block 1st Lane. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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

The land classification for Rajarathinam Nagar D Block 1st Lane is Residential Class III Type - I, indicating its designation for residential use.