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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar G Block 1st Lane

₹1900/sq.ft.

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

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Rajarathinam Nagar G Block 1st Lane guideline value

The current guideline value of Rajarathinam Nagar G Block 1st Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

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

The guideline value for Rajarathinam Nagar G Block 1st Lane has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,900 per sq.ft, which is an increase of 6% from the previous revision in 2023, where it was Rs 1,800 per sq.ft. The 2012 revision also recorded a guideline value of Rs 1,800 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 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 have a guideline value for 2024, 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 G Block 1st Lane is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar G 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. Duty is charged on the higher of the guideline value and the sale price.

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

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

The Rajarathinam Nagar G Block 1st Lane is covered by 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 an essential factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When you register a property, the authorities will assess the guideline value to ensure that the transaction is accurately reflected in official records. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value of Rajarathinam Nagar G Block 1st Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 6% from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024.

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

The land classification for Rajarathinam Nagar G Block 1st Lane is Residential Class III Type - I.

Which office handles registration for properties in this area?

The Madhavaram Sub Registrar Office handles registration for properties in Rajarathinam Nagar G Block 1st Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, with stamp duty at 7% and registration fee at 2% of the guideline value or sale price, whichever is higher.