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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar E Block 6th Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar E Block 6th 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 E Block 6th Lane

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Rajarathinam Nagar E Block 6th Lane guideline value

The current guideline value for Rajarathinam Nagar E Block 6th 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 6th Lane has changed

The guideline value for Rajarathinam Nagar E Block 6th Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, reflecting a 6% increase from the 2023 revision, which was Rs 1,800 per sq.ft. The 2012 revision also recorded a value of Rs 1,800 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. This gradual increase highlights the stability of the value in the years prior to 2024, with no changes recorded in the years leading up to the latest revision.

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 E Block 6th Lane is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar E Block 6th 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajarathinam Nagar E Block 6th Lane?

The Sub Registrar Office covering Rajarathinam Nagar E Block 6th Lane is 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 factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value, as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price, which can significantly impact the total expenses incurred during the transaction.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar E Block 6th Lane?

The current guideline value of Rajarathinam Nagar E Block 6th 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, marking a 6% increase. There was no change from 2012 to 2023, with the value remaining at Rs 1,800 per sq.ft.

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

Other streets in Kodungaiyur with a guideline value of Rs 1,900 per sq.ft for 2024 include Rajarathinam Nagar E Block 5th Lane, Rajarathinam Nagar F Block 1st Lane, Rajarathinam Nagar E Block 4th Lane, Rajarathinam Nagar F Block 2nd Lane, Rajarathinam Nagar E Block 3rd Lane, and Rajarathinam Nagar F Block 3rd Lane.

What is the registration fee for property in Rajarathinam Nagar E Block 6th Lane?

The registration fee for property in Rajarathinam Nagar E Block 6th Lane is calculated at 2% of the guideline value. For a property valued at Rs 19,00,000, the registration fee would be Rs 38,000.

Which office handles property registration in Rajarathinam Nagar E Block 6th Lane?

The Madhavaram Sub Registrar Office handles property registration for Rajarathinam Nagar E Block 6th Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.