Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar G Block 5th Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar G 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 ₹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 G Block 5th Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Rajarathinam Nagar G Block 5th Lane guideline value

The current guideline value of Rajarathinam Nagar G Block 5th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village, under the Madhavaram SRO, and falls under the Residential Class III Type - I land classification.

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

The guideline value for Rajarathinam Nagar G Block 5th Lane has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,206 per sq.ft. However, the value increased significantly in the following years, reaching Rs 1,800 per sq.ft in 2023 and then rising to Rs 1,900 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 6%. The register has no figures for the years 2002, 2003, and 2007 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 G Block 5th Lane is below this median.

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Rajarathinam Nagar G 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 is a critical factor during property registration in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This value ensures that the transaction is recorded accurately in the government’s records.

When a property is sold, the guideline value serves as a benchmark to assess the minimum value for which the property can be registered. Buyers and sellers should be aware of this value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar G Block 5th Lane?

The current guideline value of Rajarathinam Nagar G 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 1,900 per sq.ft in 2024, with various revisions in between, including a significant increase from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Where is the Madhavaram Sub Registrar Office located?

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

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is updated periodically to reflect changes in the real estate market.