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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar F Block 5th Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar F Block 5th 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 F Block 5th Lane

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Rajarathinam Nagar F Block 5th Lane guideline value

The current guideline value for Rajarathinam Nagar F 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 is Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar F Block 5th Lane has changed

Looking at the revisions, the guideline value for this street has seen changes from previous years. The 2012 revision recorded a guideline value of Rs 1,800 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 1,800 per sq.ft, but in 2024, it increased to Rs 1,900 per sq.ft, marking a 6% increase from the previous year. The overall change from 2012 to 2024 is also a 6% increase.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only registered figures available are from 2012, 2023, and the latest 2024 revision.

Guideline values in Kodungaiyur

Kodungaiyur comprises 1,318 streets under the Madhavaram SRO, with guideline values 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 F Block 5th Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar F Block 5th Lane

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 essential to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajarathinam Nagar F Block 5th Lane?

The Rajarathinam Nagar F Block 5th 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 plays a crucial role when buying or selling property in Kodungaiyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the property transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Rajarathinam Nagar F Block 5th Lane?

The current guideline value for Rajarathinam Nagar F 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 1,800 per sq.ft in 2023, and then increased to Rs 1,900 per sq.ft in 2024, marking a 6% increase from 2023 to 2024.

What is the land classification for Rajarathinam Nagar F Block 5th Lane?

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

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Rajarathinam Nagar F Block 5th Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,33,000.