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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar D Block 2nd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar D 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 D Block 2nd Lane

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Rajarathinam Nagar D Block 2nd Lane guideline value

The current guideline value for Rajarathinam Nagar D Block 2nd Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This area 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 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 listed the value at 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% increase from the previous year.

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

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, with a median value of Rs 2,700 per sq.ft. The guideline value for Rajarathinam Nagar D Block 2nd Lane is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar D 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 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, totaling Rs 1,71,000. Duty is charged on the higher of the guideline value or the sale price.

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

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

The Rajarathinam Nagar D Block 2nd Lane falls under 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 is a crucial reference point during property transactions in Kodungaiyur. It is used to determine the applicable stamp duty and registration fees when registering a property, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value for Rajarathinam Nagar D Block 2nd Lane?

The current guideline value for Rajarathinam Nagar D 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 changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting a 6% increase. There were no changes recorded in the 2023 revision.

What is the land classification for this area?

Rajarathinam Nagar D Block 2nd Lane is classified as Residential Class III Type - I. This classification indicates the type of development allowed in the area.

What is the stamp duty for properties in this area?

The stamp duty for properties in Rajarathinam Nagar D Block 2nd Lane is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000.

Which office handles property registrations in this area?

The Madhavaram Sub Registrar Office handles property registrations for Rajarathinam Nagar D Block 2nd Lane. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.