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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar E Block 3rd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar E Block 3rd 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 ₹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 E Block 3rd Lane

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Rajarathinam Nagar E Block 3rd Lane guideline value

The current guideline value of Rajarathinam Nagar E Block 3rd 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 is classified as Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar E Block 3rd Lane has changed

The guideline value for Rajarathinam Nagar E Block 3rd Lane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, reflecting a change of +6%. The previous revision in 2017 recorded a value of Rs 1,206 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision listed the value at Rs 1,800 per sq.ft, showing a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +6%.

It is important to note that there are no registered figures for the years 2002, 2003, and 2007 for this street. The 2012 revision marked a return to the previous value of Rs 1,800 per sq.ft, after a notable drop from the earlier figure in 2017.

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 as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, positioning Rajarathinam Nagar E Block 3rd Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Rajarathinam Nagar E Block 3rd 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam Nagar E Block 3rd Lane?

The Sub Registrar Office that covers Rajarathinam Nagar E Block 3rd 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 in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that all transactions are conducted in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar E Block 3rd Lane?

The current guideline value of Rajarathinam Nagar E Block 3rd 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 2023 to Rs 1,900 per sq.ft in 2024, an increase of +6%. It was Rs 1,206 per sq.ft in 2017, showing a +49% increase from 2017 to 2023.

What is the land classification of Rajarathinam Nagar E Block 3rd Lane?

Rajarathinam Nagar E Block 3rd Lane is classified as Residential Class III Type - I, indicating its intended use for residential purposes.

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.

How is the stamp duty calculated for properties in Rajarathinam Nagar E Block 3rd Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot at the guideline value of Rs 19,00,000, the stamp duty would be Rs 1,33,000.